Find XO: 30 Billion KRW in Sales in 2 Years, and the Trap of Management Rights Disputes (platum.kr)
Writing language: Korean Read in the original language
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- The eco-friendly material company Mimeheim achieved 30 billion KRW in sales within two years of its founding, then experienced a two-year dispute over management rights.
- It is an interesting case that makes one wonder where the agreement between partners broke down as quickly as the sales grew.
- While it's easy to postpone sorting out shares and voting rights when growing a company, each partner's perception of their contribution changes once sales increase.
- Conversations about defining authority when things go well can actually be more difficult.