Business | Reuters.co.in: "South Korea to question Hyundai chief on Monday
Fri Apr 21, 2006 4:03 PM IST171
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By Cheon Jong-woo
SEOUL (Reuters) - South Korean prosecutors will question Hyundai Motor Co. chairman Chung Mong-koo on Monday over allegations the group was involved in illegal political lobbying.
South Korea's top auto maker apologised on Wednesday over the bribery scandal and said its chairman's family would donate $1 billion worth of stock in an affiliate company to charity.
Hyundai shares, which have dropped nearly 10 percent so far this year, closed 1.9 percent lower on Friday at 88,000 won, trailing the broader market's 1.2 percent rise. Shares in affiliate Kia Motors Corp. lost 1.95 percent."
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