POSCO Holdings Chairman Choi Jung-woo Sent to Prosecution... Allegations of Private Use of Company Car

Allegations of Breach of Duty in Business Operations

Choi Jung-woo, chairman of POSCO Holdings, who was suspected of using company vehicles for personal purposes, has been handed over to the prosecution.

On the 21st, the Suseo Police Station in Seoul announced that Chairman Choi was sent to the Seoul Central District Prosecutors' Office without detention on charges of breach of trust.

Chairman Choi is accused of using company cars for private purposes with family members in addition to the official company vehicles.

In October of last year, a civic group filed a complaint against Chairman Choi with the Seoul Central District Prosecutors' Office, and the Suseo Police Station took over the case and conducted an investigation.