Baek Jong-won's Apology at Theborn Korea's Shareholder Meeting
Creatrip Team
a year ago
Baek Jong-won, CEO of Theborn Korea, apologized to shareholders during the company's first shareholder meeting following its IPO. Amidst various controversies, Baek addressed these issues directly and promised improvements in management and transparency. He pledged to enhance systems for ingredient sourcing, collaborate with external experts, and improve internal management to reduce risks. Baek emphasized his commitment to communication with shareholders, sharing the company's progress regularly. Despite robust sales and operating profits, concerns were raised about the low employee participation in stock ownership. Baek attributed this to similar patterns in other companies at the time of listing. After the meeting, Baek mentioned creating a new public relations team to better manage the company's external image and discussed potential acquisitions. He admitted to missing opportunities due to the organization's rapid growth and vowed to resolve current issues swiftly. Theborn Korea has faced multiple controversies, including product content disputes and employee management allegations, affecting their stock price significantly.
