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Prosecutors have questioned a former chief of KT, a major telecom operator in Korea, as part of an investigation into suspicions that the firm s executives formed a slush fund through unfair subcontract deals, sources said Friday. ....
The outgoing POSCO Group chairman and nonexecutive directors of the steelmaker’s holding company are under investigation, due to a seven-day trip to Canada they took last August, which cost 680 million won ($517,000), according to the police and the company, Friday. ....
KT is facing backlash from the union and the main opposition party, as the telecommunication firm hired three more former prosecutors recently as senior executives, amid the ongoing investigation into alleged irregularities involving former CEO Ku Hyeon-mo, according to industry officials, Thursday. ....
POSCO Group will not reappoint Chairman Choi Jeong-woo to lead the nation’s fifth-largest business group over the next three years, the company said Wednesday. ....
POSCO Group made an unusual comment on Friday, refuting the National Pension Service’s (NPS) claim that the steelmaker is suspected of using unfair methods to reappoint the incumbent chairman, Choi Jeong-woo, to lead the nation’s fifth-largest business group over the next three years. ....