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.
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 executive has been released, but the ramifications for the automaker (legal and otherwise) would appear to be just beginning.
A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents.