[대원산업 주총 리뷰]③ '연 1000억 이상' 옥천산업 거래, 이사회 건너뛴다 [넘버스]

This investigation reveals how Daewon Industries systematically bypassed board approval for over 100 billion won in annual transactions with related company Okcheon Industries, exploiting a regulatory loophole applicable to companies under 2 trillion won in assets. The opaque deal structure—where Okcheon generates over 80% of its revenue from Daewon—raises serious concerns about potential asset tunneling to the owner's family during succession planning. While such practices violate fundamental corporate governance principles requiring board oversight of material transactions, Daewon escapes enforcement, exposing critical gaps in Korea's regulatory framework for protecting minority shareholders in mid-cap companies.