In South Korea, hint emerges of more Tong Yang-type suspicions

10/20/2013 | Korea Herald (Seoul), The · MK.co.kr (South Korea)

The Tong Yang Group may not be alone in the field of suspect funding, with a suggestion that four more South Korean conglomerates may face similar scrutiny. "We have documents on cases [of irregular funding] at four local business groups," said Financial Supervisory Service Governor Choi Soo-hyun, while declining to give any names. Meanwhile, investors harmed by the Tong Yang Group incident are the focus of proposals for compensation.

View Full Article in:

Korea Herald (Seoul), The · MK.co.kr (South Korea)

Published in Brief: