[Newsmaker] Former Arirang TV chief under probe for corporate fund misuse
Feb 2, 2016
The Culture Ministry has accepted the resignation of Bang Suk-ho, president & CEO of Arirang TV, Korea’s state-run English satellite and cable broadcaster. Bang submitted his resignation to the ministry on Monday after local media reported allegations of misuse of the company funds during his overseas trips last year. The ministry will continue its probe into the allegations, which began late Monday night, his resignation notwithstanding. “Bang is currently under investigation. The ministry will