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)