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Periscope.
Byline: B.J. Lee (Dan Ephron John D. Sparks Robert J. Samuelson Elise Soukup Elise Soukup Brad Stone)
Korea: The Reform Storm
Hyundai was supposed to be a standout among the "billion profit club," a group of a dozen South Korean multinationals that had cleaned up and raised their bottom lines. Now comes news of the arrest of Chung Mong Ku, chairman of Hyundai Motor, on charges of embezzlement. Chung has denied the charges, but if he is convicted, the future of Korea's No. 2 conglomerate looks gloomy. The No. 1, Samsung, is embroiled in its own corruption scandal that could potentially lead to the breakup of the company. Together, Samsung and Hyundai ...
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