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chung mong-koo

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    Report: Hyundai rehires R&D president let go over quality issues
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    Last November, Hyundai announced the resignations of research and development president Kwon Moon-sik and two other R&D executives. At that time, it was said that the executives wished to "take responsibility for a series of quality issues" at the Korean automaker. Kwon Moon-sik had only been ...

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    Report: Hyundai/Kia predict slower sales growth in 2012
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    Hyundai and Kia have experienced phenomenal growth over the past few years, even as the rest of the auto industry was embroiled in an ugly downturn. In fact, 2011 was a terrific year for the Korean automaker, as sales jumped by double digits globally. But while Hyundai/Kia has been on fire of ...

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    Motor Trend ranks the industry's best and brightest with annual Power List
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    Rankings in this business usually revolve around cars themselves, but every year our friends over at Motor Trend put together a Top 50 list of another kind: MT's annual Power List ranks the people behind the cars. Their placement reflects not only their actions in the past and vision for the ...

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    Report: Hyundai, Kia boost U.S. sales goals, additional plant speculated anew
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    Hyundai Motors' forward momentum has certainly captured a lot of headlines, and in lieu of all the positive praise and sales improvements, the Korean automaker is raising its 2011 United States sales goal by 18.2 percent. This means that, between both of the Hyundai and Kia brands combined, the ...

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    Hyundai reportedly eying majority stake in S. Korea's largest construction firm
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    Hyundai is looking to expand and the South Korean automaker has its eyes set on its nations largest construction firm, Hyundai Engineering. The Hyundai Motor Group, led by Chairman Chung Mong Koo, is seeking majority ownership in the building company and has just gotten a boost towards its goal ...

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    Report: Chung, Mullaly, Winterkorn named top car company CEOs
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    Automotive News has put together its list of 2010 auto industry all-stars, and taking first place in American, European and Asian CEO categories are Ford CEO Alan Mulally, Volkswagen CEO Dr. Martin Winterkorn, and Hyundai-Kia CEO Chung Mong-koo. Hard to fault the choices, and it shouldn't come as ...

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    Hyundai boss receives pardon from South Korean president
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    In South Korea, economics trumps justice. Chung Mong-koo, the head of Hyundai who recently received a suspended sentence for embezzling and bribes has -- along with 341,000 other businessmen, bureaucrats, and politicians -- been given a full pardon. President Lee Myung-bak, who said he was ...

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    Crooked Hyundai chief gets no jail time from Korean high court
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    South Korea is working hard to crack down on corruption in its business sector, but the example-setting won't begin with Hyundai boss Chung Mong-koo. A Korean court gave Chung a three-year suspended sentence as punishment for embezzling monstrous sums of cash from the world's sixth largest ...

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    Hyundai chairman receives suspended sentence
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    Chung Mong-koo, the man who turned Hyundai around after the Southeast Asian financial meltdown in 1997, has been given a 3-year suspended sentence by an appeals court for embezzlement and breach of public trust. Chung was arrested in April for having a hand in setting up nearly $74 million in slush ...

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    Give 'till it hurts: Hyundai Chairman will give $1.1 billion in charitable donations
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    In an effort to clean up his reputation after a court came down on him with an embezzlement conviction last February, Hyundai Motor Co. Chairman Chung Mong-koo has vowed to give $1.1 billion of his own money in charitable donations over the next seven years. His initial pledge was made last year as ...

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    Hyundai Chairman sentenced to 3 years in jail
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    Most consumers and car enthusiasts in the U.S. have had no idea that the turmoil atop Hyundai's executive ladder had gotten this bad. Today, the chairman of Hyundai Motor, Chung Mong-koo, 68, was convicted and sentenced to three years in a South Korean prison for embezzling $67 million USD and ...

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    Hyundai chief springs from the slammer!
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    Hyundai chairman Chung Mong-koo put up bail to the tune of $1 million last week to be freed from jail after being imprisoned for two months on corruption charges that involved using company funds for personal and political use. The 68-year-old executive, who showed up to court appearances in a ...

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    Hyundai chair hopes to make bail
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    Hyundai Motor Co. chair Chung Mong-koo is looking to post bail. The Korean auto executive, currently incarcerated on embezzlement charges, appealed to the Seoul District Court on Friday to release him on bond. Interestingly, a petition has been circulating among the Korean auto industry for the ...

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    Will growing corporate scandal derail Hyundai's future?
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    With Hyundai chairman Chung Mong-koo (right) arrested and jailed Friday for alleged embezzlement and political slush funds in South Korea, the question is: Will the automaker continue to grow at a breakneck pace, or will mounting legal troubles conspire to take it down a peg or two? The Hyundai ...

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    Prosecutors looking to arrest Hyundai chief in bribery scandal
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    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 $106 million via slush funds, using some of the ill-gotten gains to graft government officials, among ...

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