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Choe Heung-sik, head of the Financial Supervisory Services (FSS) since September, offered to step down from his position on Monday after he was alleged to have been involved in irregular hiring practices when he was president of a commercial bank.
Choe has denied any wrongdoing.
(Reporting by Dahee Kim; Editing by Eric Meijer)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)