BUSINESS

Former Kogas CEO wins litigation nullifying his dismissal

By Song Su-hyun
  • Published : Aug 10, 2017 - 21:57
  • Updated : Aug 10, 2017 - 21:57

A Seoul court ruled in favor of the former head of Korea Gas Corp. in an administrative litigation that demanded the withdrawal of his dismissal on Thursday. 

The Seoul Administrative Court made a ruling for Jang Seok-hyo, the former CEO of Kogas, who sued former President Park Geun-hye, the Kogas CEO that replaced him, Lee Seung-hoon, and the state.  Lee handed in his resignation in July.

Jang Seok-hyo (Yonhap)

The court judged Jang’s dismissal was unfair considering that he was acquitted of bribery and embezzlement in both first and second trials.

Jang was accused of receiving a total of 289 million won worth of bribes from a towboat maker, which he had been president of, between July 2013 and April 2015 while he was heading Kogas.

In the previous sessions, the court found Jang had received incentives and retirement allowances that he deserved from the boat company, which it judged unrelated to his post at Kogas. But the court did impose a 20 million won fine on Jang for providing a total of 35 million won worth of golfing time to former Kogas executives in the second trial.

Jang had tendered his resignation after being put on trial, but the former Park government didn’t accept his resignation, dismissing him instead.

Under guidelines for operations of public institutions, executives of those organizations should not be suspended or dismissed before the court rules them guilty.

Jang filed the suit claiming that his dismissal based on suspicions was unfair.

By Song Su-hyun (song@koreaheraldcorp.com)