S.Korea approves Hyundai Motor chairman's bail-court

Newswire

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)

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