Finance
Kang Hodong, NongHyup chief, apologises amid misconduct row, vows overhaul
NongHyup chairman Kang Hodong said on Jan. 13 he would seek to restore public trust after the interim results of a special audit by the Ministry of Agriculture, Food and Rural Affairs. He issued a public apology and announced plans to overhaul the organisation and improve systems. Kang said he would resign from posts he held concurrently by convention. Key executives said they would voluntarily step down. NongHyup will form a reform committee and revise rules, including overseas lodging limits.
