Financial irregularities @ Hyundai Motors (Also owns Kia) - he got 6 yrs
On the Bright Side
At least his warranty on the KIA Ceed (if he has one) will still be active (7 yr Warranty)
when he gets out.
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I worked for a while in Seoul with the engineering branch of the company, hence it has given me an interest. He is a true son of his father. I read that his father was a North Korean farmboy who absconded with the family cow, went south, sold the cow and started a motor repair business with the proceeds. His business empire started from that . When he was established he drove a herd of cows north and presented them to his family.
I didn't get the impression that he was actually jailed, though. He is continuing to be chairman while the legal processes for his appeal are proceeding.
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They do seem to have some odd business practices in Korea. The family that controls Samsung electronics does so despite holding - I believe - less than 10% of the company stock. Mind you, they are under investigation by their government.
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Oh yeah, under investigation.
Please do not disturb, Investigation in progress....................... 1%......................... 1.5% ............................ 2% ..............................
2.7% .................................. zzzzzzz............ zzzzzzzzzzzzzz .......... zzzzzzzzzzzzzzz ................... 3% ............................................................
It'll never come to its end. Wanna bet ?
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Free enterprise is the basis of western economy.
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