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Saturday, April 29, 2006
By Steven L. Taylor

Via the BBC: Hyundai boss arrested in S Korea

The chairman of Hyundai Motor Group, Chung Mong-Koo, has been arrested in South Korea on embezzlement charges.

Mr Chung and Hyundai are accused of creating slush funds to pay politicians and officials for business favours.

Wild. And, oddly, a semi-Alabama story given Hyundai’s presence here in Montgomery.

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One Response to “Hyundai Chairman Arrested”

  1. Doc's Political Parlor Says:

    Hyundai Boss Arrested

    Barely one week after after the first Santa Fe SUV rolls off the production line in the Montgomery Hyundai plant, Hyundai’s chief is arrested in South Korea.


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