Corruption

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 Jeon-kap issued a formal apology for the corporate malfeasance currently under investigation.

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.

A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents.