KT Corp. CEO Offers to Quit After Prosecutors Raid Headquarters
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KT Corp., South Korea’s second-largest mobile operator, said Chief Executive Officer Lee Suk Chae offered to resign after prosecutors raided the company’s headquarters and his home.
The board will soon decide the resignation date and discuss a successor to Lee, who also held the role of chairman, the Seongnam, South Korea-based carrier said in an e-mailed statement yesterday.