'Choi Sin-won, SK Networks Chairman Emeritus, Returns After Embezzlement Pardon and Decides to Work Without Pay'

Choi Sin-won, Chairman Emeritus of SK Networks, who recently returned to management after being pardoned following imprisonment on charges including embezzlement and breach of trust, has decided not to receive any compensation.

Chairman Emeritus Choi Seonwon. SK Networks Photo by Yonhap News

According to SK Networks on the 23rd, Chairman Emeritus Choi will serve in roles such as management advisory without receiving compensation. The company explained that this decision reflects his intention to serve both the company and society.

Chairman Emeritus Choi, who previously served as chairman of SK Networks, was convicted by the Supreme Court in May last year on charges including embezzlement and breach of trust, and was sentenced to two years and six months in prison. He was subsequently pardoned as part of the Liberation Day special pardon in August last year. Earlier this month, he was appointed chairman emeritus through a board resolution, a move that has drawn criticism from some quarters regarding his return to management.

SK Networks stated, "Chairman Emeritus Choi will focus on his core roles going forward, including supporting the company's growth, advising on domestic and international networks, and engaging in social contribution activities."

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