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Kia chief spared indictment in Korean bribery scandal

The South Korean government has decided not to pursue an indictment against Chung Eui Sun, president of Kia Motors. The move not to prosecute apparently stemmed from the fact that his father, Chung Mong Koo (Hyundai Motor chairman) was the one with final authority, and he is being indicted in the bribery scandal. A spokesman from the prosecutor's office indicates that Chung Mong Koo has confessed to some of the charges, though more specifics were not disclosed. [Sources: The Standard; Hankooki] ... Read more →

Hyundai corruption scandal precipitates suicide Chris Paukert

An ex-government official in the growing Hyundai scandal was found dead Sunday of an apparent suicide. Park Seok-an, under suspicion for bribery in the Korean automaker corruption case was found ...

Prosecutors looking to arrest Hyundai chief in bribery scandal Chris Paukert

Prosecuting attorneys in South Korea have requested an arrest warrant for Chairman Chung Mong-Koo of the Hyundai Motor Group. The paperwork is being sought on charges that the executive embezzled ...

Hyundai apologizes one billion times for its bribery scandal Chris Paukert

As part of an act of contrition for the bribery scandal rocking Hyundai Motor Group, the company is donating $1.05 billion dollars to charity. The word came Wednesday as Hyundai vice chairman Lee ...

Hyundai Automotive Group scandal heightens Chris Paukert

Recent developments in the Hyundai Automotive Group's homeland bribery scandal are seeing the plot thicket. The prosecution announced Thursday that it has evidence supporting the accusation that ...

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Hyundai's Seoul headquarters stormed by corruption probe investigators 3 years ago on Autoblog

South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a prominent business lobbyist. The investigation centers around the arrest of Kim ...

Bribery scandals brewing afresh at DaimlerChrysler 3 years ago on Autoblog

A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents. The mole in question claims that he was fired after complaining to his bosses regarding a 'secret bank account' employed to bribe foreign ...

Officials in corruption probe raid Hyundai's Seoul HQ 39 years ago on Autoblog

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Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

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