sk chief to step down from chairman post
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

SK chief to step down from chairman post

Arab Today, arab today

Arab Today, arab today SK chief to step down from chairman post

Seoul - Arab Today

The convicted chief of the country's third-largest conglomerate SK Group will step down from his position as chairman, officials at the business group said Wednesday, removing him from all management affairs. Chey Tae-won, 53, was sentenced to a four-year prison term last week after being convicted of embezzling 46.5 billion won (US$43.6 million) from two SK Group affiliates, including top mobile carrier SK Telecom Co., and funneling the funds into personal investments in stock futures and options in 2008

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