| Chung Mong-koo | |
|---|---|
| Hangul | 정몽구 |
| Hanja | 鄭夢九 |
| Revised Romanization | Jeong Monggu |
| McCune–Reischauer | Chŏng Mong-gu |
Chung Mong-koo (b. March 19, 1938 in Seoul) is the chairman of Hyundai Kia Automotive Group, the second-largest Chaebol in South Korea. He graduated from Hanyang University in 1967. In 1999, he took over as head of Hyundai, succeeding his father, Hyundai founder Chung Ju-yung. [1] In 2000, he attracted widespread attention when he defied his father Chung Ju-yung's order to step down.[2] He was named by BusinessWeek as one of the top managers for 2004. [1] He is the father of Chung Eui-sun.
In 2006, he and his family were targeted by the Seoul Supreme Public Prosecutor's Office as part of an investigation into embezzling 100 billion won ($106 million USD) from Hyundai to create slush funds.[3] Despite a travel ban, Chung left South Korea in April 2006. Chung was arrested on 28 April 2006 on charges related to embezzlement and other corruption[4][5] He was convicted of embezzlement and breach of fiduciary duty on 5 February 2007 and sentenced to three years of prison.[6] Chung plans to appeal the sentence and remains free on bail.[7] On September 6, 2007, Chief judge Lee Jae-Hong ruled to suspend the sentence of Chung Mong-koo (in consideration of the huge economic impact of imprisonment), ordering instead of a 3-year jail term, the performance of community service and a $1 billion donation to charity.[8]
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Redirecting to Chung Mong-koo
Redirecting to Chung Mong-koo
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