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| Company | Hyundai [Company Info] |
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| Date | Issue | Title |
| 28th Mar 2006 | Fraud Investigation | Hyundai chief faces fraud probe |
| Report |
| Prosecutors have arrested the chief executive of carmaker Hyundai Motor's logistics subsidiary, Glovis, on corruption charges. Lee Ju-eun is suspected of embezzling 7bn won ($6.73m; £3.85m) in company money for use in lobbying politicians. Prosecutors say the investigation is linked to the arrest of businessman Kim Jae-rok on illegal lobbying charges. Hyundai Motor is suspected of paying Mr Kim for his influence with politicians and local government officials. Prosecutors have also banned a number of top Hyundai Motor officials from leaving the country. Hyundai Motor shares rose 2.5% on Tuesday after falling 2.6% the day before. Glovis shares fell a further 1.9% on Tuesday after slumping 15% on Monday. Hyundai was featured in a corruption investigation in 2003, when prosecutors examined allegations of illegal election campaign financing. Vice-chairman Kim Dong Jin was given a two-year suspended sentence and later pardoned. |
| Other Reports on Hyundai | |||
| Date | Issue | Company | Report |
| 5th Feb 2007 | Fraud Investigation | Hyundai | Hyundai's boss gets three years |
| 13th Jun 2006 | Fraud Investigation | Hyundai | Hyundai chief admits fraud |
| 16th May 2006 | Other Issue | Hyundai | Hyundai chairman Chung indicted |
| 28th Apr 2006 | Other Issue | Hyundai | Hyundai boss arrested in South Korea |
| 27th Apr 2006 | Other Issue | Hyundai | Prosecutors seek Hyundai arrest |
| 24th Apr 2006 | Other Issue | Hyundai | Hyundai chief faces prosecutors |
| 19th Apr 2006 | Other Issue | Hyundai | Hyundai apologises amid scandal |
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