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A Seoul court held a hearing Wednesday to decide whether to issue an arrest warrant for the sitting chief of a major South Korean financial company over unfair hiring and other charges.
Cho Yong-byoung, chairman of Shinhan Financial Group Co. appeared for a court arraignment at the Seoul Eastern District Court at around 10:30 a.m. Prosecutors filed for his writ on Monday.
He underwent closed-door questioning by prosecutors twice last week.