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Posco officials deny chairman’s resignation rumor

Nov. 7, 2013 - 22:38 By Lee Woo-young
POSCO officials on Thursday denied news reports that its chairman Chung Joon-yang is stepping down.

Earlier news reports said the chairman of the Korea’s top steelmaker offered to resign under mounting pressure over a series of tax investigations.

However, company officials said there are no plans to discuss his resignation at the board of directors meeting scheduled for Friday.

By Lee Woo-young  (wylee@heraldcorp.com)