The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Tue, August 16, 2022 | 04:55
-------------------------
POSCO chief to be questioned over 'Choi Soon-sil gate'
Posted : 2016-11-11 10:40
Updated : 2016-11-11 10:40
Print Preview
Font Size Up
Font Size Down
POSCO Chairman Kwon Oh-joon
POSCO Chairman Kwon Oh-joon
The chief of POSCO, Korea's No. 1 steelmaker, will be grilled by prosecutors Friday over its former affiliate related to an influence-peddling scandal surrounding a close friend of President Park Geun-hye.

The prosecution said it summoned Kwon Oh-joon, 66, to appear before the Seoul Central District Prosecutors' Office at 7 p.m. to undergo questioning over allegations that an associate of Choi Soon-sil, Park's longtime friend, attempted to forcibly take over the shares of the steelmaker's former advertisement subsidiary last year.

He became the first head of a Korean big business group to be questioned by prosecutors looking into the snowballing political scandal.

Choi's close associate Cha Eun-taek, who is now in custody, is suspected to have used his ties with Choi and other senior government officials to put pressure on a small ad agency, which acquired Poreka from POSCO, to hand over 80 percent of its shares. The attempt, however, ended in failure as the ad agency declined to hand over the shares.

A number of officials, including former senior presidential secretary An Chong-bum, have been put under custody for alleged involvement in the process.

Prosecutors are expected to see if Cha, Choi or other presidential officials intervened in the process of the steelmaker's decision to sell its advertisement arm, and any decisions made afterward. (Yonhap)

 
LG
  • Hyundai Motor Group becomes world's No. 3 automaker in sales volume
  • Thinking the unthinkable on North Korea
  • 'Missing Here' song bridges Israel, Korea
  • 'Japan is our partner': Yoon vows to improve Seoul-Tokyo ties
  • Consumers angered by luxury fashion platforms' return policies
  • Life of early 'Koryoin' featured in exhibition
  • [Analysis] Yoon faces uphill battle to regain public trust
  • Customs agency considers taxing intermediaries for brokered overseas purchases
  • Will Hyundai Motor Group reorganize Mobis for governance reform?
  • Conflict reignites over relocation of POSCO Holdings to Pohang City
  • Interactive News
  • With tough love,
  • 'Santa dogs' help rebuild burnt forests in Andong
  • 'Santa dogs' help rebuild burnt forests in Andong
  • A tale of natural wine
    • Reality shows go abroad again amid eased COVID-19 travel restrictions Reality shows go abroad again amid eased COVID-19 travel restrictions
    • Late Samsung chairman's collection highlights painter Lee Jung-seop as family man Late Samsung chairman's collection highlights painter Lee Jung-seop as family man
    • [INTERVIEW] Actor Ko Kyoung-pyo explains why he doesn't obsess over lead roles [INTERVIEW] Actor Ko Kyoung-pyo explains why he doesn't obsess over lead roles
    • Girls' Generation music video director apologizes for copying design Girls' Generation music video director apologizes for copying design
    • Star directors' new series to A-listers' small screen comeback expected in coming weeks Star directors' new series to A-listers' small screen comeback expected in coming weeks
    DARKROOM
    • Ice is melting, land is burning

      Ice is melting, land is burning

    • Tottenham 6-3 Team K League

      Tottenham 6-3 Team K League

    • Afghanistan earthquake killed more than 1,000

      Afghanistan earthquake killed more than 1,000

    • Divided America reacts to overturn of Roe vs. Wade

      Divided America reacts to overturn of Roe vs. Wade

    • Namaste: Yogis to celebrate International Yoga Day

      Namaste: Yogis to celebrate International Yoga Day

    The Korea Times
    CEO & Publisher : Oh Young-jin
    Digital News Email : webmaster@koreatimes.co.kr
    Tel : 02-724-2114
    Online newspaper registration No : 서울,아52844
    Date of registration : 2020.02.05
    Masthead : The Korea Times
    Copyright © koreatimes.co.kr. All rights reserved.
    • About Us
    • Introduction
    • History
    • Location
    • Media Kit
    • Contact Us
    • Products & Service
    • Subscribe
    • E-paper
    • Mobile Service
    • RSS Service
    • Content Sales
    • Policy
    • Privacy Statement
    • Terms of Service
    • 고충처리인
    • Youth Protection Policy
    • Code of Ethics
    • Copyright Policy
    • Family Site
    • Hankook Ilbo
    • Dongwha Group