Kiwoom Re-emphasized, "Posting Income, Never Used recklessly."→ Management with critical emergency funds"

*This content was translated by AI.

Kiwoom Heroes once again announced a firm principle on the large amount of posting system (closed competitive bidding) earned by Song Sung-moon (30, San Diego Padres) and other players entering the Major League.

Kiwoom recently detailed the club's position on posting income through the club's official SNS. "Posting income is a one-time income generated in a special situation of entering the Major League," the club said, stressing, "It is strictly distinct from ordinary profits generated during the club's management process, such as broadcasting fees, ticket sales, and merchandise income."

This is interpreted as a direct rebuttal to some criticisms that Song Sung-moon recently signed a four-year contract worth $15 million (about 21.8 billion won) with San Diego and did not put enormous funds, including about $3 million (about 4.4 billion won) in transfer fees, into strengthening his power (such as recruiting FA).

The background of Kiwoom's conservative fund management is that it is a "self-reliant club without a parent company." "Heroes is a self-reliant sports company similar to Major League Baseball clubs," Kiwoom said. "We have to respond to the unpredictable economic crisis on our own, and for this purpose, we manage posting income as an important emergency fund."

In fact, Kiwoom cited past experiences. The club said, "We have overcome the financial crisis by covering the enormous losses caused by a sharp drop in sales of the entire KBO league during the pandemic with posting income," and made it clear that the funds are not just "income" but a "safety device" that supports the club's existence.

Starting with Kang Jung-ho, Park Byung-ho, Kim Ha-sung, Lee Jung-hoo, and Kim Hye-sung, Kiwoom sent a total of six players to the Major League, including Song Sung-moon. This is equivalent to 60% of the 10 players sent by the KBO League to the Major League through the posting system. With six people, Kiwoom's cumulative income from the posting system has now exceeded 69.4 billion won (at least $47.7 million).

The club emphasized transparent management of the funds and nailed it, saying, "We have never paid shareholders for posting income." He expressed his willingness to use this asset, made of players' sweat drops, not privately useful, but only to overcome the club's future and crisis.

In the end, he emphasized once again that Kiwoom's choice is "sustainable management." He declared his intention to establish a fiscal structure that is not shaken by any waves rather than excessive spending for immediate results.

Finally, Kiwoom added, "Other than that, the club's financial status is all disclosed through the Financial Supervisory Service's electronic disclosure system."

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*This content was translated by AI.