embezzlement


Hyundai chairman receives suspended sentence

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 funds to pay for political favors. After he was arrested, he was freed on $1 million bail to continue running Hyundai. The group, or chaebol -- the Korean word for powerful, family-controlled conglomerates -- is a strong driver of the Korean economy. ... Read more →

Give 'till it hurts: Hyundai Chairman will give $1.1 billion in charitable donations Erin Mays

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 ...

Daewoo's ex-chief receives jail sentence Eric Bryant

Kim Woo-choong, the founder and former head of the Daewoo Group, was sentenced to 10 years in a South Korean prison for embezzlement, accounting fraud, and various other white-collar crimes of ...

Hyundai chairman receives suspended sentence 2 years ago on Autoblog

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 ...

Give 'till it hurts: Hyundai Chairman will give $1.1 billion in charitable donations 2 years ago on Autoblog

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 ...

Daewoo's ex-chief receives jail sentence 3 years ago on Autoblog

Kim Woo-choong, the founder and former head of the Daewoo Group, was sentenced to 10 years in a South Korean prison for embezzlement, accounting fraud, and various other white-collar crimes of the type typically committed when a large company goes down the tubes. In all, Woo-choong was said to ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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