Mason Capital "Will Reemerge as a Prestigious Financial Subgroup"

[Asia Economy Reporter Hyunseok Yoo] Mason Capital, which succeeded in defending its management rights at the regular shareholders' meeting on the 26th of last month, announced on the 2nd that it will "rebuild itself as a reputable financial small group."

Park Seungwook, the newly appointed CEO of Mason Capital, said, "First, I would like to thank the shareholders for their interest, criticism, and support shown at this shareholders' meeting," adding, "We will quickly shake off the nightmare of the management rights dispute and focus the company's capabilities on our core business to become a reputable financial small group."

With 28 years of knowledge and experience in domestic and international financial investment operations, CEO Park pointed out that Mason Capital is a specialized credit finance company licensed for installment finance, leasing, and new technology businesses. He plans to focus the company's capabilities on financial businesses such as PE (General Partner) for promoting new technology projects, corporate acquisitions, IPO investments, and real estate project financing alongside leasing to achieve results. He also expressed his determination to do his best in structuring PE funds and attracting investment capital while communicating with the capital market.

CEO Park emphasized, "Especially, all Mason Capital executives and employees will not dwell on the past management rights dispute but will strive to develop the company into a solid and competitive one in terms of business performance," and "To this end, we will promptly proceed with restructuring by thoroughly analyzing the management deficiencies of the past four years."

He also stated that although the proposal to change the business year, suggested by the company to escape the early designation as a management target at this shareholders' meeting, was rejected, he is determined to lead the company’s normalization with a timetable to exit the management target status as soon as possible.

Regarding the harsh criticism from minority shareholders shown at this shareholders' meeting, he added that he will seriously consider and review it, and by actively accepting sound shareholder proposals through transparent management, he will strive to achieve company development together with the shareholders.

Finally, CEO Park explained, "I do not view the past management rights dispute as a pure purpose for company development, and such disputes will not help the company’s development in the future," adding, "The new management promises to contribute to maximizing shareholder value through profitability, transparency of governance, and financial soundness, and asks for quiet observation and joint efforts."