Was Choi behind resignation of Hanjin chairman from PyeongChang

>>81718
The sources reportedly said that the demand allegedly followed Cho’s refusal against pressure from the ministry to sign The Blue K, a company founded by Choi, on a project to build stands for the Olympic stadium and other subsidiary facilities.

“It seems that (Cho) flatly refused all unreasonable demands from Choi’s side. It seems that his resignation may also have been driven by a disgruntled Choi,” Democratic Party of Korea Rep. Ahn Min-seok was quoted as saying in a media interview.

The Blue K, which also failed to win the said project under Cho’s successor Lee Hee-beom, was reportedly planning to bid for a 150 billion-won ($131 million) infrastructure project for the Olympics at the year’s end.

Cho had been heading the Olympics organization committee since August 2014 and was nearing the end of his two-year term. Cho had served as head of PyeongChang’s Olympic bidding committee in 2011, beating Munich of Germany and Annecy of France in an International Olympic Committee vote.

Following the speculation on Choi’s influence on Cho’s position, news reports also suggested that the normalization efforts of Hanjin Shipping that started to go haywire this year could also have been connected, citing the government’s sudden negative turn of attitude against helping the shipper, branding it as an “insolvent company.”

Hanjin Shipping was put under court receivership in September, as its creditors, led by the state-run Korea Development Bank, rejected its last self-rescue package worth 500 billion won.