Pardoned Korean tycoon apologises, vows to reform

The head of South Korea's third largest conglomerate apologised Friday after being released from jail on a controversial presidential pardon, vowing to turn over a new leaf and help develop the national economy. SK Group chairman Chey Tae-Won, who was serving his second jail term for multi-million dollar fraud, was pardoned Thursday -- along with thousands of others -- by President Park Geun-Hye to mark the 70th anniversary of the end of Japanese colonial rule over Korea. Chaebols dominate