Upstage has stated that Ha Jung-woo, the former AI policy chief at the presidential office, does not currently hold any shares in the company, addressing allegations of stock parking.
During a press conference on June 16, Upstage clarified, "Ha does not own any shares in Upstage at this time," adding that the issue is unrelated to the company.
According to Upstage, Ha was previously granted 10,000 shares of unlisted stock as compensation for serving as a part-time AI education advisor, but these shares were subject to a six-year holding requirement.
Of the total 10,000 shares, 4,444 shares, which had not yet vested, were automatically returned to the major shareholder, Kim Seong-hoon, at a price of 100 won per share, as per a shareholder agreement.
The remaining 5,556 shares were placed in a blind trust in accordance with the Public Service Ethics Act, and Upstage reports that these shares have also been fully disposed of through the trust institution.
Previously, there were concerns that Ha had only formally disposed of his shares after taking office, leading to the stock parking allegations.
* This article has been translated by AI.
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