April 26, 2024
The Boardroom
Top exec of KAI commits suicide
[THE INVESTOR] A senior official at Korea Aerospace Industries was found dead on Sept. 21 in an apparent suicide, police said, amid a widening probe into an array of suspected irregularities at the aircraft maker.
Police said Kim In-sik, KAI vice president in charge of overseas business, was found hanged at his home in Sacheon, South Gyeongsang Province, at around 8:40 a.m.
KAI has been hit by a massive corruption scandal. Its former chief Ha Seong-yong has been detained over his alleged involvement in a series of malpractices from accounting fraud to illicit hiring.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Police said Kim In-sik, KAI vice president in charge of overseas business, was found hanged at his home in Sacheon, South Gyeongsang Province, at around 8:40 a.m.
KAI has been hit by a massive corruption scandal. Its former chief Ha Seong-yong has been detained over his alleged involvement in a series of malpractices from accounting fraud to illicit hiring.
By Alex Lee and newswires (alexlee@heraldcorp.com)
![[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2024/04/25/20240425050656_0.jpg)
![[Hello India] Hyundai Motor vows to boost 'clean mobility' in India](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2024/04/25/20240425050672_0.jpg)
