Hyundai Automotive Group Chairman Chung Mong-koo will not be traveling to the U.S. with South Korea President Lee Myung-bak on his summit and trade mission next week. The exclusion appears to have nothing to do with Chung’s 3-year suspended sentence for embezzlement involving the creation of slush funds to bribe public officials. Last month, several key investment groups refused to back Chung in his bid for re-election to the Hyundai Automotive Group board of directors, which he ...
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