Head of SK Group, South Korea's third-largest conglomerate by assets, Chey Tae-Won was sentenced to four years in prison on Thursday for embezzling millions of dollars of company money for personal investments. According to newspaper reports, Seoul Central District Court convicted him of embezzling $43 million. Still, it's a small portion of his fortune; he's worth approximately $2 billion, but $1.8 billion of that is held in the stock of one of its companies, SK C&C.
Head of SK Group, South Korea's third-largest conglomerate by assets, Chey Tae-Won was sentenced to four years in prison on Thursday for embezzling millions of dollars of company money for personal investments. According to newspaper reports, Seoul Central District Court convicted him of embezzling $43 million. Still, it's a small portion of his fortune; he's worth approximately $2 billion, but $1.8 billion of that is held in the stock of one of its companies, SK C&C.
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