Hyundai-Kia Automotive Group Chairman Chung Mong-koo has made another large installment payment on the 1 trillion won ($860 million) he promised to donate to charity in 2006, when he faced charges of embezzling corporate money and developing a slush fund to bribe government officials and businessmen. Chung this week turned over 513,000 shares of Glovis Co. Ltd. to the Haevichi Social Contribution Committee he established in 2007. It is located in one of Hyundai-Kia’s two headquarters ...
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