Posco (PKX) has released an update.
Posco Holdings Inc. reported that a former executive has been charged for improper use of a company car, with the incident being a negligible part of its sizeable equity capital and confirming that it will keep tabs on the case. The alleged misuse of the vehicle is not expected to significantly impact investment decisions, as the related amount is minimal and may be subject to change following court proceedings. The company has committed to transparently disclosing any further developments regarding the case.
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