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Shinhan Financial Group's CEO acquitted of corruption charges, extends term as chief

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Shinhan chief cleared of corruption charges

Shinhan chief cleared of corruption charges

Shinhan Financial Group Chairman Cho Yong-byoung has overcome a major legal hurdle and has extended his term at Shinhan, as the Supreme Court acquitted him on corruption charges in relation to the lender s employee hiring practices. The court issued the ruling on Thursday, thereby clearing the way for the Shinhan chief to serve for a third term.

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