Submitted by YONHAP on

The February 2016 file photo shows Hanjin Group Chairman Cho Yang-ho attending a news conference at the Korea Press Center in downtown Seoul, who announced his resignation as the chief organizer of the 2018 PyeongChang Winter Olympics on May 3, 2016. His resignation comes as the group is mired in a financial crisis due to its struggling shipping unit. (Yonhap) (END)

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