Industry
KT&G chief offers to resign amid slush fund probe
July 29, 2015
Min Young-jin, chief executive of Korea’s largest tobacco producer KT&G, offered to resign a week after prosecutors began probing slush fund allegations. Min Young-jin (KT&G)Min, whose term officially ends in seven months, attended the board meeting Wednesday to announce his intention to resign, KT&G said. The board will convene a committee to sort out candidates.Last week, Min was investigated at the Seoul Central District Prosecutor’s Office over embezzlement and breach of trust charges. Pr