The June 12 arrest of a former Ministry of Finance official, Byon Yang-ho, on charges of accepting bribes from an illegal Hyundai Motor Group slush fund, is potential dynamite in the case against Chairman Chung Mong-koo, Korean observers say. Chief Prosecutor Chae says Byon, former director general of the banking policy bureau of Korea’s Ministry of Finance, is charged with taking bribes from Hyundai officials in 2001 and 2002. Chae says in media reports Byon allegedly received payments ...

Premium Content (PAID Subscription Required)

"Arrest of Former Finance Official Tightens Slush Fund Case" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.