Homeplus filed a complaint against Kim Jung-ho, the president of Shinyoung Securities, with the prosecution. It appears to be a counter-suit in response to Shinyoung Securities suing Homeplus management last month.
According to the retail industry on the 28th, Homeplus has filed a complaint with the prosecution against Kim Jung-ho, the representative of Shinyoung Securities, on charges of credit damage. The crime of credit damage is established when false facts are disseminated, harming a person's credit through deceit.
Shinyoung Securities has been responsible for the issuance of Homeplus's corporate papers (CP), electronic short-term bonds, and asset-backed securities (ABSTB) since August 2022.
Homeplus is reported to have raised concerns regarding Kim's remarks during a National Policy Committee emergency inquiry in March.
At that time, Kim stated, "Just because the credit rating has fallen, it does not necessarily mean that the demand for short-term bonds decreases," adding, "It is not common sense that a corporation would apply for rehabilitation simply because the rating has fallen."
At the beginning of last month, Shinyoung Securities, along with Hana Securities, filed a lawsuit against Homeplus and its management on fraud charges. They claim that despite recognizing the downgrade in Homeplus's credit rating and planning to apply for corporate rehabilitation in advance, they issued ABSTB, causing harm to investors.
Homeplus maintains that it must investigate whether Shinyoung Securities engaged in improper sales practices by selling ABSTB to investors despite being aware of the downgrade in Homeplus's credit rating.