Biden Touts SKorean Company Whose Chairman Was Jailed For Embezzlement

TOPSHOT - US President Joe Biden speaks about the situation in Poland following a meeting with G7 and European leaders on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 16, 2022. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

At a glance

  • President Joe Biden will be going to Bay City, Michigan today to visit the SK Siltron CSS facility, a manufacturing plant run by South Korean Company SK Siltron.
  • Biden is expected to be touting the $300 million expansion of the plant and to discuss the success of his economic plan and how it’s producing a manufacturing boom.
  • The Korean company running the Bay City Plant, SK Siltron, is headed by Chairman Tony Chey (real name “Chey Tae-won”) who was in prison for two years and six months for embezzling $46.5 billion won currency ($42.7 million) from SK companies to cover personal trading loses.

 

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