The Seoul High Court Thursday suspended Hyundai Motor Group Chairman Chung Mong-koo’s 3-year prison sentence for fraud and embezzlement for a period of five years. Chung will serve no time in jail and is free to operate Hyundai Motor Co. Ltd., Kia Motors Corp. and the other companies within the automotive group, so long as he breaks no laws. “The court has been in agony over whether or not to keep (Chung) out of prison,” Chief Justice Lee Jae-jong later tells reporters. “In ...
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