Korea’s National Pension to Oppose Merger of SK Group Units

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SK Group Chairman Chey Tae-won arrives at the Seoul Central District Court in Seoul, South Korea, on Jan. 31, 2013. Chey is currently serving a prison sentence for embezzling millions of dollars of company money for personal investments.

Photographer: Ahn Young-joon/AP Photo

South Korea’s National Pension Service will oppose a merger between two units of SK Group, the country’s third-largest conglomerate, on grounds that the proposed deal would undermine minority shareholders.

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