Arab Today, arab today sk chief to step down from chairman post
Last Updated : GMT 08:39:35
Arab Today, arab today
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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