SEOUL, May 17 (Reuters) - South Korean prosecutors are set to indict Kim Dong-jin, the chief executive of South Korea's top car maker, Hyundai Motor Co , for political funding law violations and managerial negligence, a prosecution official said on Monday.
"Vice Chairman Kim will be indicted today," said Kook Min-soo, spokesman for the Supreme Public Prosecutors' Office. Kim is also vice chairman of Hyundai Motor Group, South Korea's third-largest conglomerate.
He said the charges Kim faced would be for violating campaign finance laws and managerial negligence.
A spokesman for Hyundai Motor Group declined to comment.
Hyundai Motor Group is one of a string of South Korean family-controlled "chaebol" conglomerates being investigated by the prosecution over allegations they provided illegal campaign funds to political parties during the December 2002 presidential campaign.