Cho Suck-rai, the late honorary chairman and founder of Hyosung Group, is involved in a 4 billion won contract dispute lawsuit with Barun Law LLC, the law firm that represented his second son, Jo Hyun-moon, a former vice president of Hyosung.
According to business circles on the 22nd, the Seoul Central District Court held its first hearing in the contract lawsuit filed by Barun against former Vice President Jo on the 16th.
Barun claims, "Although we entered into a delegation agreement with former Vice President Jo for legal work and achieved some results, he did not acknowledge this and refused to pay the fee."
Barun has filed a lawsuit to terminate the contract and claim the fee of 4.3 billion won that has accrued over time. Previously, in January, it applied for a seizure of stocks worth 1.6 billion won against former Vice President Jo.
On the other hand, former Vice President Jo stated, "Considering the work content and progress presented by Barun, it is difficult to acknowledge that the work performed justifies the amount claimed. Rather, it represented the position of Hyosung."
In future hearings, Barun's evidence submission procedures will be discussed.