Ex-Kumho chief may come back

Speculations are growing over who will take charge of the once-wealthy Kumho Asiana Group following its chairman Park Chan-bup’s resignation which was made official last week.

Earlier on Friday, the group said in a statement that Park, 65, will step down from the chief post after serving a full year and move on to become a senior adviser to the country’s No. 2 carrier Asiana Airlines.

Although the group noted that the seat will remain vacant for some time, rumors spread quickly in the business sector which suspected the possible comeback of its former chairman Park Sam-koo.

Park, together with Park Chan-koo, who was the group’s chemical division head, left the top post last July to take responsibility for management failure.