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Prosecutors to Summon Hyundai Chairman

Posted April. 10, 2006 07:02,   


The Supreme Prosecutors’ Office announced Sunday that it plans to summon Hyundai Automotive Group chairman Chung Mong-koo and his son, Kia Motors president Chung Eui-sun, next week. The prosecution is considering bringing criminal charges against them.

The father and son will be questioned over allegedly creating and using slush funds. The exact date for the summons is not set, but according to the prosecution, it probably won’t be this week.

While it plans to bring both of them in for questioning at the same time, it will investigate the charges against Chung Eui-sun first.

Hyundai Automotive Group is suspected of raising a slush fund through its affiliates Glovis and Hyundai Autonet.

The prosecution will bring in Hyundai Autonet officials this week to question them on the amount and usage of the slush fund.

Chung Mong-koo arrived at Incheon International Airport Saturday morning at 4:55 a.m. after he left the country on April 2 for a six-day trip to the U.S.

Tae-Hoon Lee Hyo-Lim Son jefflee@donga.com min07@donga.com