SEOUL, June 28 (Reuters) - South Korea has approved Hyundai Motor Group chairman's request for bail, a spokesman for Seoul Central District Court said on Wednesday. "He will be released after he pays 1 billion won ($1.04 million) in bail," the court judge, Lee Sang-hoon, told Reuters by telephone. Chung Mong-koo, 68, who was indicted on charges of embezzling company funds, has been held in a detention centre near Seoul after his arrest in late April. ($1=957.4 Won)
Premium Content (PAID Subscription Required)
"S.Korea approves Hyundai Motor chairman's bail-court" 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 WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.