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HYUNDAI MOTOR CHAIRMAN LEAVES FOR U.S. AMID LOBBYING SCANDAL.

AsiaPulse News

| April 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 3 Asia Pulse - Chung Mong-koo, chairman of South Korea's largest automaker Hyundai Motor Co., abruptly left for the United States on Sunday as the prosecution expanded its investigation into a major lobbying scandal involving South Korea's largest auto-making group.

Hyundai Motor officials said Chung's trip had long been scheduled and had nothing to do with the prosecution's probe.

While in the U.S., he will inspect Hyundai's plant in Alabama and check his company's plan to build a second U.S. plant in nearby Georgia, they said.

Prosecution officials last week raided Glovis Co., a key Hyundai Motor affiliate, and plans to investigate into another affiliate Hyundai Autonet Co. as part of its expanding ...

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Source: HighBeam Research, HYUNDAI MOTOR CHAIRMAN LEAVES FOR U.S. AMID LOBBYING SCANDAL.

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