VOL. XLV

No 42

21-October-2002

SAUDI ARABIA

Two Executives Of Korean Refiner S-Oil Jailed For Financial Irregularities

Two top executives at South Koreas third largest refiner, S-Oil Corporation, were jailed on 16 October after being found guilty of share manipulation and accounting irregularities. Chairman and CEO Kim Sun-Dong was jailed for three years, and President Yoo Ho-Ki was given a 10-month sentence. South Korean police launched an investigation into S-Oil last July (MEES, 29 July). At...