Taekwang Group Conducts Audit Across All Affiliates... CEO Kim Giyu of Tisis Dismissed
Audit of All Taekwang Group Affiliates
Taekwang Group is conducting audits across all its affiliates.
According to the business community on the 17th, Taekwang Group recently discovered issues during an internal audit of its infrastructure and leisure affiliate TCIS, and has expanded the audit to all affiliates. In this process, Kim Ki-yu, CEO of TCIS and chairman of the management council that discusses major group agendas, was dismissed.
A group official stated, "Since TCIS manages the group's buildings, real estate, and golf courses, we are inspecting all affiliates to ensure there are no issues elsewhere."
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The position of chairman of the management council is currently vacant. Sung Hoe-yong, CEO of Tcast and former vice chairman, is acting as the interim chairman.
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