The chairman and president of S-Oil Corporation were jailed and fined for stock price manipulation and accounting irregularities. Chairman Kim Sun Dong was jailed for three years for stock manipulation and accounting fraud; president Yoo Ho Kee was sentenced to 10 months in jail and a suspended prison sentence of two years for accounting fraud. The court also imposed a fine of approximately $240,500 on S-Oil. The government alleged that Kim and Yoo reaped $67.7 million in profits by inflating the company’s stock price between March 2000 and May 2002.