Across Asia: South Korea
China Daily | Updated: 2008-05-21 07:10
Hyundai chief faces 6 years
State prosecutors demanded yesterday a six-year prison term for Hyundai Motor Chairman Chung Mong-koo after the Supreme Court ordered a resentencing in the auto tycoon's embezzlement conviction.
The Seoul High Court last year suspended a three-year prison term handed to Chung by a lower court while upholding his guilty verdict for embezzlement and breach of trust. Prosecutors had originally sought six years.
The high court also ordered the tycoon to do community service. The suspended prison term enabled Chung to continue running South Korea's largest automaker without going to jail.
(China Daily 05/21/2008 page23)
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