'Noh Hyun-jung Husband' Major Shareholder Company Files Corporate Rehabilitation Due to Financial Difficulties

HN Inc, a specialized IT and construction service company, has filed for court receivership due to financial difficulties. HN Inc is a company whose largest shareholder is Jeong Dae-seon, a member of the Hyundai family and husband of former KBS announcer Noh Hyun-jung.

Jung Dae-sun, President of Hyundai BNS&C, and his wife, former announcer Noh Hyun-jung, are entering the home of Chung Mong-koo, Chairman of Hyundai Motor Group, in Hannam-dong, Yongsan-gu, Seoul, on March 20, 2019, to attend the 18th memorial ceremony for the late Asan (峨山) Chung Ju-yung, Honorary Chairman of Hyundai Group.
[Image source=Yonhap News]

According to the legal community on the 24th, HN Inc filed for corporate rehabilitation at the Seoul Bankruptcy Court on the 21st.

The court plans to review the company's submitted petition for provisional disposition and application for a comprehensive injunction and decide whether to accept them. The review and decision process will take about a week. A comprehensive injunction is a measure that freezes all claims until the court decides to commence court receivership.

The court examines whether the company applying for court receivership has public interest value and whether there is a possibility of acquisition by a third party before making a provisional disposition decision. If a property preservation order is issued, all existing debts except wages, taxes, water bills, and telephone charges do not have to be repaid.

HN Inc is a mid-sized construction company with brands such as Sun & Ville and Heriot. Its original name was Hyundai BS&C, but after losing a lawsuit in which Hyundai Motor Group demanded that it stop using the Hyundai brand, it changed its name in January 2021.

Jeong is well known as the husband of former announcer Noh. Noh Hyun-jung, who joined KBS in 2003 as the 29th public recruitment announcer, gained great popularity as the host of programs such as "Sangsang Plus" and "Star Golden Bell," but left the broadcasting industry after marrying Jeong, whom she met through an acquaintance, in 2006.