Paik Jongwon Apologizes for Festival Inconvenience Amid Stock Market Success

Nov 07, 2024

Paik Jongwon Apologizes for Festival Inconvenience Amid Stock Market Success



Food service entrepreneur Jongwon Baek recently apologized for the lack of Tongyeong Festival.

On the 7th, the Jongwon Baek uploads this video on YouTube channel 'I'm sorryIt posted an apology video titled '.

The Jongwon Baek prepared a festival under the name of Fisherman's Market in Tongyeong. However, I am very sorry that this festival was not enough, so I made a video to apologize for the inconvenience to those who visited and for showing unsatisfactory festivals. "



Jongwon Baek prepared for the festival by joining forces with local residents to revitalize the region, but rain poured from the first day of the festival, causing inconvenience to visitors. In response, visitors to the festival responded, "There was no tent, so it became a refugee camp." "It's my first time eating food in the rain," he said, pouring out harsh criticism.

Paik Jongwon Apologizes for Festival Inconvenience Amid Stock Market Success
Jongwon Baek concluded that "As you know, the location is on the sea side and the news of rain accompanied by strong winds could make it dangerous (to install the rain shield). I'm sorry that those who came on the first day suffered a lot because of the rain and couldn't be satisfied," he bowed his head.



The mayor of Tongyeong also came forward and apologized. Mayor Chun Young-ki said, `We apologize for the inconvenience caused to the visitors", he apologized. The Jongwon Baek "Fortunately, the weather was good on the second day. However, I didn't expect much more people to come, and I prepared ambitiously, but I'm sorry for the inconvenience caused because it's not enough to put my heart into it"He confessed.

In fact, it did not rain on the second day of the festival, but more visitors came than expected, so the turnover rate fell and the materials ran out quickly. As a result, many visitors walked in vain without tasting the food.



The Jongwon Baek "We thank those who came to this festival with a good heart and support, and we are much more sorry than grateful." I will prepare well and thoroughly next time and prepare in a new way, he vowed."

Paik Jongwon Apologizes for Festival Inconvenience Amid Stock Market Success
Meanwhile, Dubon Korea CEO Jongwon Baek has become a stock rich man worth 500 billion won with the listing of the stock market. 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 early trading.

The stock price, which had fluctuated around 60,000 won, closed at 51,400 won, up 51.2 percent 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, Jongwon Baek's holdings reached 451.95 billion won, with Jongwon Baek's stock value exceeding 567.1 billion won, based on its intraday high of 64,500 won.



wjlee@sportschosun.com