Chief Executive Choi Jin-guk of TAEYOUNG E&C stepped down three months before the end of the term.
According to the construction industry on the 28th, Choi was said to have resigned from the CEO post at TAEYOUNG E&C that day.
TAEYOUNG E&C in March last year appointed Vice Chairman Choi Geum-rak of TY Holdings and President Choi Jin-guk as co-CEOs and had been operating under a joint chief executive system.
The construction industry says Choi worked in various ways to overcome TAEYOUNG E&C's workout and normalize the company.
TAEYOUNG E&C plans to announce organizational changes, including Choi's resignation, through regular personnel appointments in December.
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