Dongkuk Steel under probe for embezzlement, tax evasion
Social affairsMar 29, 2015
Prosecutors have launched an investigation into one of South Korea’s top steelmakers, Dongkuk Steel Mill Co., over allegations of large-scale embezzlement and tax evasion.The Seoul Central District Prosecutors’ Office on Saturday raided Dongkuk Steel’s headquarters in central Seoul, affiliate offices and the home of the company chairman, Chang Sae-joo, to seize the company’s account books, tax records and domestic and international transaction records.The prosecution is also looking into allegat