'Controversy over management rights' BODY FRIEND Founder and Private Equity Fund Majority Shareholder Arrested

It will be decided as early as today (4th) whether to arrest the founder and largest shareholder of Bodyfriend, which is in a management dispute.

The Seoul Central District Court held a pre-arrest interrogation of Kang Woong-chul, former chairman of the board of directors of Bodyfriend, Han, the largest shareholder of Hahn & Brothers, and Yang, who served as Chief Financial Officer of Bodyfriend, this morning (4th).

When Kang entered the court, he did not answer any reporters asking whether he admitted embezzlement charges.

Former chairman Kang is accused of embezzling 6 billion won in job invention compensation and causing damage to the company, and was sued by Han & Brothers last year on charges of fraudulent use of corporate cards.

In response, former chairman Kang reportedly filed a lawsuit against Han and Yang on charges of misappropriating company money, including allegations that he paid for accommodation in luxury hotel suites with a corporate card.

In July last year, private equity firm Hahn & Brothers acquired Bodyfriend, which has since been in dispute between the two sides over management rights.