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| Company | Hyundai [Company Info] |
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| Date | Issue | Title |
| 24th Apr 2006 | Other Issue | Hyundai chief faces prosecutors |
| Report |
| The chairman of Hyundai, Chung Mong-koo, is being questioned by South Korean prosecutors about allegations of illegal political lobbying. As he arrived at the prosecutors' office in Seoul, Mr Chung again offered an apology to the South Korean people. The car giant is suspected of creating a slush fund to pay politicians and officials for business favours. Mr Chung's son, Chung Eui-Sun, president of Hyundai subsidiary Kia Motors, may also be questioned. Two lobbyists have been arrested on suspicion of receiving money from the car company, although it is unclear whether they actually sought to pay government officials. In an act of public penance and to restore confidence in the firm's activities, Hyundai said Mr Chung and his son would donate their 60% stake in Glovis, another subsidiary, to charity. Glovis, a logistics unit, has been at the centre of the investigation. |
| 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 |
| 19th Apr 2006 | Other Issue | Hyundai | Hyundai apologises amid scandal |
| 28th Mar 2006 | Fraud Investigation | Hyundai | Hyundai chief faces fraud probe |
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