Shinhan President Shin to Resign; Bank Withdraws Complaint
Shinhan Bank said Shin Sang Hoon, president of the lender’s parent company Shinhan Financial Group Co., will resign.
The bank said it will also withdraw a complaint against Shin for alleged embezzlement and breach of duty. Shinhan Bank, which on Sept. 2 asked prosecutors to investigate Shin, announced the withdrawal in an e-mailed statement today.
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