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Chey used "the companies that he controls and exerts influence over as a criminal tool and used a massive amount of the companies' assets for a personal purpose," the court said. Chey became chairman of SK Group in 1998, succeeding his late father who inherited the group from his older brother, the founder. The conglomerate's businesses include telecommunications and energy. Chey resigned last month as chairman of SK Group. However, he became chairman of the holding company for the conglomerate, SK Holdings Co., and remained the most powerful executive.
[Associated
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