Paik Jongwon Apologizes for Festival Issues as The Born Korea’s Stock Hits 500 Billion Won
Nov 07, 2024
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On the Jongwon Baek channel on the 7th, "I'm sorry, but I'm posting this video." The video of the title was released.
The Jongwon Baek said, `We produced this video with our apologies to all those who were greatly disappointed by the recent Tongyeong Regional Festival.'
Jongwon Baek apologized directly after complaints about the first seafood festival 'Tongyeong Fisherman's Market' recently planned.
The Jongwon Baek was "On the first day of the event, there was an unexpected rain. We apologize for the inconvenience caused by the lack of rain cover in bad weather. Then "Fortunately, it didn't rain the next day, but there was a lack of preparation because I didn't know that more people would come. Since it is a marketplace with Tongyeong citizens, ordinary people who are not good at business took charge of the booth and conducted it, and I thought I would do my best, but I was sorry for waiting too long in a long line. Moreover, there was a problem of not being able to properly feed the people who waited due to the exhaustion of ingredients. We deeply apologize for any inconvenience you may have felt regarding this festival."
The Tongyeong Fisherman's Market Festival is a seafood food festival held by Durbon Korea in Jongwon Baek and six fisheries cooperatives in the jurisdiction. It was held at Triathlon Square in Tongyeong, Gyeongsangnam-do from the 1st to the 3rd. According to Tongyeong City, more than 300,000 visitors visited in three days.
When a large crowd suddenly gathered, the waiting number was prolonged and the festival was crowded, causing complaints from visitors.
Prior to this, Jongwon Baek CEO Dubon Korea, which was listed on the stock market (KOSPI) on the 6th, started trading at 46,350 won, far exceeding the public offering price (34,000 won). As soon as the market opened, investors gathered in large numbers, soaring to 64,500 won at one point in the early market.
The stock price, which had fluctuated around 60,000 won, closed at 51,400 won, up 51.2% from the public offering price. Dubon Korea's market capitalization stood at 743.5 billion won. Jongwon Baek is the largest shareholder in Korea with 8,792,850 shares (60.7 percent).
Based on the closing price, the value of Jongwon Baek's holdings reached 451.95 billion won, and the value of Jongwon Baek's shares reached 567.1 billion won, based on the intraday high of 64,500 won.
lyn@sportschosun.com
