Shinsegae vice president fined for boycotting parliamentary audits
Apr 24, 2013
A Seoul court on Wednesday imposed a 10 million won ($8,870) fine on a Shinsegae Group executive for not attending parliamentary audits over the company‘s alleged infringement on the business rights of small retailers. Chung Yu-kyuang, the 41-year-old vice president of the country’s second-largest retail conglomerate, was found guilty of not responding to the government‘s call three times to appear at the hearings and audits of the National Assembly between October and November of last year, cit