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

• By Webmaster
• February 25, 2011