Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
S. Korea not to attend Sado mine memorial: foreign ministry
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
[Market Now] Seoul court dismisses injunction against Hyundai Cement execs
By Park Hyung-kiPublished : March 23, 2016 - 10:30
Hyundai Cement said in its disclosure filing Wednesday that the Seoul Central District Court had dismissed an injunction filed by former chairman Chung Mong-sun against the company’s executives, including CEO Lee Joo-hwan.
Chung filed for an injunction with the court last October to suspend the appointments of the executives amid a battle over the company’s ownership. The Seoul court said Chung’s claims did not suffice to justify an injunction.
Chung tried in vain to plead his case to take over the company during the shareholders meeting last week.
KEB Hana Bank is the biggest shareholder, with a 24.4 percent stake in the listed cement-maker, according to an audit filing.
(hkp@heraldcorp.com)
Chung filed for an injunction with the court last October to suspend the appointments of the executives amid a battle over the company’s ownership. The Seoul court said Chung’s claims did not suffice to justify an injunction.
Chung tried in vain to plead his case to take over the company during the shareholders meeting last week.
KEB Hana Bank is the biggest shareholder, with a 24.4 percent stake in the listed cement-maker, according to an audit filing.
(hkp@heraldcorp.com)
