Jongwon Baek Becomes '500 Billion' Stock Rich...Dubon Korea's Gorgeous Debut

ⓒYonhap News Agency

Jongwon Baek CEO of The Bone Korea has become a stock asset holder with listed stocks worth 500 billion won.

The Bon Korea, a franchise company listed on the stock market (KOSPI) on the 6th, started trading at 46,350 won, and its stock price soared to 64,500 won, far exceeding the public offering price (34,000 won) as investors flocked in the early market.

Baek is the largest shareholder with 8,792,850 shares (60.78%) of Dubon Korea.

If the transaction at 9 a.m. is calculated based on 60,000 won, CEO Baek's stock value reaches 527.571 billion won.

Based on the intraday high of 64,500 won, the value of the stocks held will increase to 567,138.82 million won.

In September, Dubon Korea submitted a securities report to the Financial Services Commission and began a full-fledged KOSPI listing process.

It also sought to be listed in 2018, but after postponing it due to the spread of COVID-19, it made a brilliant debut by challenging to be listed again on the 30th anniversary of its foundation this year.

Meanwhile, Dubon Korea, founded by CEO Baek in 1994, is conducting a restaurant business based on 25 restaurant franchises, including △ Back Cafe △ Hong Kong Banjeom △ Saemaeul Restaurant △ Hanshin Pocha △ Yeokjeon Woo-dong, and a distribution business that provides consumers with various products such as △ HMR, processed food, and sauce △ A hotel business through the Dubon Hotel on Jeju Island.

Reporter Lee Yu Na from Digital News Team.