Seoul prosecutors are intensifying their Hyundai Motor Group slush-fund probe with the re-arrest of Park Sang-bae, former vice governor of the state-run Korea Development Bank, and Lee Seong-bang, president of the bank’s subsidiary KDB Development. The two are suspected of accepting bribes from Hyundai Motor Group affiliates totaling 1.5 billion won ($1.6 million). South Korea media reports say about 1.4 billion won ($1.48 million) went to Park. In return, Park and Lee allegedly ...

Premium Content (PAID Subscription Required)

"Korea Bank Officials Arrested in Hyundai Probe" 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 pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.