KOFIA chief in hot seat for ‘ver­bally abus­ing ’ work­ers

The Korea Times - - FINANCE - By Jhoo Dong-chan [email protected]­re­atimes.co.kr

Korea Fi­nan­cial In­vest­ment As­so­ci­a­tion (KOFIA) Chair­man Kwon Yong-won is fac­ing grow­ing crit­i­cism for al­legedly ver­bally abus­ing his driver and other com­pany work­ers, ac­cord­ing to the KOFIA union, Sun­day. This isn’t the first time for Kwon to face a pub­lic out­cry. He also ran into heavy flak last year for al­legedly us­ing a busi­ness trip to the U.S. in Novem­ber for a va­ca­tion.

Ac­cord­ing to the driver, he has been ver­bally abused by Kwon since the chair­man took of­fice in Fe­bru­ary 2018.

“You’d bet­ter be pre­pared for tonight. We are go­ing to party un­til 3:00 a.m. tonight,” Kwon said in a tape record­ing re­leased by the driver. The driver im­me­di­ately com­plained, say­ing the day was his child’s birth­day. “This is the rea­son why you al­ways fail to get credit here, you’re dumb,” Kwon re­sponded.

Lo­cal me­dia out­lets said Kwon also sex­u­ally ob­jec­ti­fied women; and al­legedly told KOFIA work­ers they “must know how to beat re­porters to death if nec­es­sary.”

A KOFIA of­fi­cial said Kwon had just come back from a busi­ness trip to Ar­gentina, Sun­day, and would soon re­lease a state­ment.

Union­ized work­ers of KOFIA also claimed Kwon’s ha­bit­ual ver­bal abuse has been one of the lobby group’s ma­jor is­sues since he took of­fice.

The Novem­ber five-day busi­ness trip to the U.S. with do­mes­tic bro­ker­age CEOs was orig­i­nally ar­ranged to al­low them to visit sev­eral global e-com­merce and IT firms in Sil­i­con Val­ley; but they only went to five firms.

The en­tire tour was fi­nanced by the lobby group’s mem­ber firms, and Kwon re­port­edly did not sub­mit any re­port about it. KOFIA said Kwon was sup­posed to get an un­der­stand­ing of the lat­est global trends while ar­rang­ing po­ten­tial deals between fi­nan­cial and IT firms.

How­ever, not a sin­gle one has been con­cluded between the tour par­tic­i­pants and the com­pa­nies there to date.

KOFIA Chair­man Kwon Yong-won

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