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Sat, January 28, 2023 | 23:13
Hyundai Heavy stake obstacle to Chung's bid
鄭-金, '백지신탁'·'병역의혹' 치고받고
Posted : 2014-04-16 16:06
Updated : 2014-04-16 16:45
Jun Ji-hye
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Rep. Chung Mong-joon, left, of the ruling Saenuri Party, shakes hands with former Prime Minister Kim Hwang-sik at a joint speech session held at the National Election Commission's Gwangjin-gu branch in Seoul, Monday./ Yonhap
Rep. Chung Mong-joon, left, of the ruling Saenuri Party, shakes hands with former Prime Minister Kim Hwang-sik at a joint speech session held at the National Election Commission's Gwangjin-gu branch in Seoul, Monday.
/ Yonhap

By Jun Ji-hye


Rep. Chung Mong-joon of the ruling Saenuri Party is emerging as a major threat to Seoul Mayor Park Won-soon in the race to be mayor of Seoul as he is beating Park in early opinion polls.

Of course he needs to beat two other rivals before winning a party ticket to compete with Park. However, the biggest obstacle he has to overcome is not the other contenders but his stake in Hyundai Heavy Industries.

Under the so-called "blind stock trust system" detailed in the Public Servant's Ethics Law, he must clarify how to handle his stake.

The law stipulates that high-ranking public officials are obliged not to hold shares worth more than 30 million won ($29,000) in firms considered relevant to their duties.

Chung directly holds a 10.15-percent stake in the company, the total value of which approaches 1.7 trillion won, according to the company.

The son of the late Hyundai Group founder Chung Ju-yung also holds another 7.98-percent stake through Hyundai Mipo Dockyard. He also holds 2.53-percent and 0.65-percent stakes in the shipbuilder through the Asan Social Welfare Foundation and the Asan Nanum Foundation, respectively. Chung is honorary chairman of the two foundations run by the Hyundai Group.

In total, he has a 21.31-percent stake in the shipbuilder.

The law requires high-ranking public officials to sell off the excess of 30 million won within a month after inauguration, or place them under the control of a financial institution supervised by the Ministry of Security and Public Administration.

The institution then takes additional steps to dispose of the shares within 60 days, except in the case that it determines one's public post is not linked to his or her stake in the company.

"If elected, I will sincerely follow any legal process regarding my shares," Chung said.

However, if the financial regulator concludes that his position as Seoul mayor has relevance to Hyundai Heavy, the seven-term lawmaker will have to give up his ownership of the shares.

In that case, the National Pension Service holding a 6.31-percent share as a financial investor becomes the largest shareholder. If foreign companies actively push for acquisition, they would be able to take over control of a company pretty easily.

Former Prime Minister Kim Hwang-sik, who is competing against Chung in the ruling party's primary, claimed that if Chung becomes Seoul mayor and has to sell off his stocks of the Hyundai Heavy, which is also engaged in the defense industry, foreign investors would rush in buying his shares.

"In this case, there is possibility that the company's high-level technology could be leaked to the global market," said Kim.

Insiders said Chung himself seems to believe that he can maintain his stake in Hyundai Heavy if he were elected mayor.

He earlier said, "The company is just a dockyard in another province," indicating that he believes the Hyundai Heavy is unrelated to the Seoul mayoral post.

But Kim's camp stated that President Park Geun-hye's predecessor Lee Myung-bak sold off his all shares of the Hyundai Heavy, worth about 78 million won, when he was inaugurated as Seoul Mayor in 2002, following a decision from the financial institute that his job as a mayor had relevance to the company.

In its press release, the camp tried to suggest specific evidence to prove Chung cannot hold two positions simultaneously, saying the Hyundai Heavy and Hyundai Oilbank, whose major shareholder is Chung, signed 53 contracts with the Seoul city for the past five years in which the latter purchased goods worth about 15.2 billion won.

Chung is said to be preparing for "the worst-case scenario" as well, in which he would have to dispose of his stock.

One of the most forceful alternatives is maintaining his control by donating his shares to the two Asan foundations he controls, analysts said.

Kim, former Supreme Court justice, claims that the lawmaker is avoiding speaking explicitly about job relevancy between Seoul mayor and the largest shareholder of Hyundai Heavy.

"He should say clearly for Seoul citizens as well as himself," he said.

In response, Chung said that Kim should stop negative campaign against him as the former prime minister is just one of the hopefuls of the ruling party's primary, not a member of the financial institute.

Follow Jun Ji-hye on Twitter @TheKopJihye



鄭-金, '백지신탁'·'병역의혹' 치고받고

'클린경선 선언' 경기지사 경선과 대조적

    6·4 서울시장 선거의 새누리당 경선에서 격돌한 정몽준 의원이 김황식 전 국무총리의 '아킬레스건'을 건드리는 인파이팅을 하면서 신경전이 고조되고 있다.

    김 전 총리가 줄기차게 정 의원의 주식백지신탁 문제를 내세우며 '후보 불가론'을 펼치자, 급기야 정 의원도 아웃복싱을 접고 김 전 총리의 병역기피 의혹을 정면으로 거론하며 카운터펀치를 날렸다.

    이런 네거티브 공방전은 공교롭게도 경기지사 경선에서 맞붙은 남경필 정병국 의원이 이날 오전 국회에서 열린 당 최고위원회의에 나란히 참석해 '깨끗하고 새로운 정치를 보여주기 위해 네거티브를 하지 않겠다'면서 '클린경선'을 선언한 것과 대조를 이뤘다.

    정 의원은 이날 기자들과 만나 김 전 총리의 병역기피 의혹에 대해 '서울이 우리나라 안보의 중심인데 서울시정을 책임지는 사람의 국가관, 안보관이 어떤지 모두 궁금해 할 것'이라면서 '본선에서 관심 가질 사항은 최소한 말해야 한다'고 주장했다.

    정 의원은 또 '현대중공업은 소유와 경영의 분리가 잘 돼 있는 회사인데 성립이 안 되는 질문(백지신탁)은 그만 했으면 한다'면서 '정치판에 갑자기 들어와서 무슨 큰 것을 하는 것으로 생각하면 바람직하지 않다고 본다'고 지적했다.

    정 의원 측 박호진 대변인은 보도자료에서 '김 후보는 2차례 병역을 연기하고 1970년, 1971년에는 '갑상선기능항진증'을 이유로 징병연기처분, 1972년에는 '부동시'로 병역면제를 받았다'면서 '의도적으로 병역을 기피하려고 했던 게 아닌지 많은 의혹을 낳고 있다'고 밝혔다.

    김 전 총리는 병역기피 의혹에 대해 '세 차례에 걸친 국회 인사청문회에서 해명이 된 내용'이라고 일축했다.

    김 전 총리 측 최형두 대변인은 보도자료에서 '케케 묵은 네거티브 전술을 다시 끄집어내며 3차례의 혹독한 국회 인사청문회를 거친 김 후보의 병역문제를 제기한 것은 초조감을 반영한 것으로 보인다'면서 '인사청문회와 인준투표를 3차례나 거친 공직자는 김 후보가 유일하다'고 반박했다.

    최 대변인은 또 '정 의원은 현대중공업으로부터 2012년 말과 2013년 말에 배당금 총 346억원을 받았고, 같은 기간 보유 주식의 가치도 679억원이 증가했다'면서 '현대중공업 지분으로만 1천억원의 재산을 불리는 시장이 되려느냐'고 따졌다.

    한편, 정 의원, 김 전 총리, 이 최고위원은 이날 오후 서울 광진구청장 경선에 나란히 참석해 당원 지지를 호소했다.

    앞서 정 의원은 오전 세종문화회관에서 개최된 대한노인회 창립 45주년 행사에 참석하고 나서, 대학로에서 열리는 서울연극제 개막식 등에 참석했다.

    김 전 총리는 오전 용산 노들섬에서 '한강 중심으로 하나되는 서울' 공약을 발표하고, 곧이어 반포대교 남단의 세빛둥둥섬을 방문하는 등 박원순 서울시장을 겨냥한 행보를 이어갔다.

    이혜훈 최고위원도 노들섬을 방문해 이곳에 청소년을 위한 유스호스텔 건립, 한류 확산을 위한 드라마 세트장·유람선 선착장 설치, 한강철교역 설치로 접근성 개선 등의 공약을 발표했다.
Emailjjh@koreatimes.co.kr Article ListMore articles by this reporter
 
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