Hyundai Motor Co. Ltd. now says it is delaying indefinitely the start of construction of its proposed vehicle-assembly plant in Nosovice, Czech Republic, because Chairman Chung Mong-koo is unable to give his approval and guidance to the project. Chung was indicted on charges of embezzlement and breach of trust in Seoul today, May 16, and remains incarcerated, as he has been since April 28. A spokesman for the Supreme Public Prosecutor’s Office issued a terse announcement that Chung has ...
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