Alphabiz - National Assembly to Summon SK Chairman Chey Tae-won Over Affiliate Dealings Allegations

SK Group Chairman Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry, delivers opening remarks at the Korea-Vietnam Business Forum held at Lotte Hotel in Seoul on the 12th. [Photo courtesy of Yonhap News Agency]

[Alpha Biz= Paul Lee] The National Assembly’s Political Affairs Committee has decided to summon SK Group Chairman Chey Tae-won as a witness in connection with allegations of unfair internal transactions.



According to political sources on the 29th, the committee held a plenary session and resolved to call Chey to testify at a comprehensive audit of the non-financial sector scheduled for October 28.



Earlier this year, SK Telecom underwent a special tax audit by the National Tax Service amid allegations that it funneled hundreds of billions of won in fraudulent contracts to SK C&C (now SK AX), the group’s IT affiliate. SK C&C reportedly issued tax invoices and claimed 10% value-added tax (VAT) deductions, but the tax authority is said to have determined that some of these invoices were fabricated.

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)