The Korea Herald

피터빈트

Posco officials deny chairman’s resignation rumor

By Lee Woo-young

Published : Nov. 7, 2013 - 22:38

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POSCO officials on Thursday denied news reports that its chairman Chung Joon-yang is stepping down.

Earlier news reports said the chairman of the Korea’s top steelmaker offered to resign under mounting pressure over a series of tax investigations.

However, company officials said there are no plans to discuss his resignation at the board of directors meeting scheduled for Friday.

By Lee Woo-young  (wylee@heraldcorp.com)