Taekwang's labor union said, "Kim Ki-yu, suspected of unfair loan, should be arrested and investigated."

The Taekwang Group Trade Union Council held a press conference today (13th) and called for an arrest investigation, saying that Kim Ki-yu, the former chairman of the management council, who is accused of ordering unfair loans, committed various misconduct while participating in management.

They claimed that there were countless employees who left the company after suffering from former chairman Kim's rude talk and abusive language, and that it was a crime that destroyed the organizational culture of the company and the lives of its executives and employees.

In the meantime, former chairman Kim added that arrest investigation and severe punishment are needed as he has committed various personnel changes, including introducing an unprovoked personnel system and overusing indiscriminate disciplinary measures.

Former chairman Kim is under prosecution investigation for lending about 15 billion won from a savings bank affiliated with Taekwang Group in August last year at the request of a representative of a real estate development company he knew.