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South Korea: Hyundai chairman ordered to pay Won 74.6bn

Hyundai Motor chairman Chung Mong Koo has been ordered by the Seoul Central District Court to pay the company Won 74.6bn (US$66m) for unfairly helping affiliates at the expense of the vehicle manufacturer, Bloomberg said. The court, however, dismissed a Won 1tr claim by minority shareholders in the company. These shareholders Subscribe to Automotive World … Continued

Hyundai Motor chairman Chung Mong Koo has been ordered by the Seoul Central District Court to pay the company Won 74.6bn (US$66m) for unfairly helping affiliates at the expense of the vehicle manufacturer, Bloomberg said.

The court, however, dismissed a Won 1tr claim by minority shareholders in the company. These shareholders

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https://www.automotiveworld.com/articles/86033-south-korea-hyundai-chairman-ordered-to-pay-won-74-6bn/

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