The Seoul Central District Court in South Korea has rejected an injunction to terminate the contracts of
In October 2015, Chung Mong-sun, the former chairman of Hyundai Cement, filed for the injunction, and the court has said his claims are not enough to qualify for an injunction.
During the recent shareholders' meeting, it is reported that Chung failed to convince in a bid to take over the company.
KEB Hana Bank owns 24.4% of the cement firm and is the largest stakeholder.
