Monday, September 10, 2007

Tycoon Step Down

According to Straitstimes.com, Park Yong-Sung is to step down as head of the International Judo Federation (IJF).

The South Korean tycoon has been under pressure from European countries to resign as he has been serving in the post since 1995. He was elected in 2005 for a third term which was to last until 2009. His resignation as IJF president means he will automatically lose his IOC membership.

Mr Park was convicted in 2006 of corruption and his IOC membership was suspended. He was later pardoned by the government and reinstated on the Olympic body. He was the second South Korean IOC member in two years to receive a criminal conviction.

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