Embezzlement charge for SK Group chairman

The chairman of South Korea's fourth largest conglomerate, SK Group, has been arrested on charges of embezzlement and tax evasion.

A Seoul District Court official said Son Kil-seung was accused of diverting 788 billion won ($987 million) from SK Shipping's coffers for failed investment in overseas futures, granting 249 billion won in illicit aid to an SK Group unit and masterminding a 38.2 billion won tax evasion.