Shinhan Suspends CEO Over Embezzlement Probe
Shinhan’s board of directors on Tuesday voted 10-1 to suspend Shin, effective immediately, and temporarily replace him with Shinhan Chairman Ra Eung Chan, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
Although suspended, Shin will remain on the board of directors, the company said.
The board’s current director, Chun Sung-bin said the board agreed to...
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