Trading scandal envelopes SK

24 Feb 2003

The vice chairman of SK Group, one of South Korea’s largest conglomerates and the parent company of the country’s leading cellco SK Telecom, was arrested and held over the weekend as part of an investigation into illegal stock trading. Roh Moo-hyun, who was elected to the post last December, is accused of making USD60 million from trading shares in SK Group subsidiaries at an inflated price.