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South Korea penalizes SK chairman over 2017 group deal

But scale of fines shows dilemma in regulating economically vital conglomerates

Chey Tae-won has led SK Group, South Korea's third-largest conglomerate, since 1998. (Photo courtesy of SK Group)

SEOUL -- South Korea's antitrust regulator on Wednesday fined Chey Tae-won, the head of the SK conglomerate, 800 million won ($671,000) for accepting a sweetheart investment opportunity from the group's holding company.

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