Hyundai's Chung to make reparation gift by 2014

Newswire

SEOUL, May 22 (Reuters) - Hyundai Motor Group , said on Tuesday its chairman, found guilty of embezzlement and breach of trust in February, would honour a pledge to donate about 1 trillion won ($1.1 billion) to charity over seven years. Chung Mong-koo was handed a three-year sentence by a Seoul court earlier this year. But judges, citing the national interest, allowed him to remain out on bail so he could continue to run the world's number 6 motor company. One of South Korea's wealthiest ...

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