[THE INVESTOR] SK Group vice chairman Chey Jae-won was released from prison on parole on July 29. Chey was imprisoned along with his brother SK Group chairman Chey Tae-won in February 2014 for embezzling 45 billion won (US$40 million) from the company. "The economy is struggling, and (I) will add (my) small effort to revive the economy and creating jobs," Chey said. SK Group Chey Jae-won bows as he is released on parole on July 29.  Chey was imprisoned along with his brother SK Group chairman Ch

[THE INVESTOR] Many of Nexon Japan’s major shareholders were found to be offshore firms located in tax havens, according to data from conglomerate tracker Chaebul.com on July 27. In addition, a local brokerage -- Samsung Securities -- was discovered holding the third-largest stake in the gaming company through an overseas bank account. Nexon Japan is the headquarters of the South Korean gaming company Nexon Group founded by Kim Jung-ju who is currently being questioned for charges of bribery. Ki

[THE INVESTOR] Hyundai BNG Steel CEO Chung Il-sun’s assault case has been transferred to the prosecution, with recommendations to indict him for violating the Labor Standards Act, the Ministry of Employment and Labor said July 27.Chung, who is a grandson of Hyundai Group founder Chung Ju-young, is alleged to have assaulted his chauffeur, and hired a total of 61 chauffers over the course of three years.   Hyundai BNG Steel CEO Chung Il-sunHe is also accused of forcing his drivers to work more tha