South Korean prosecutors investigating a corruption scandal engulfing President Park-Geun Hye quizzed the head of Hyundai, the world’s fifth largest automaker, a report said Sunday. Chung Mong-Koo, chairman of Hyundai Motor, was questioned sometime between Saturday night and early Sunday along with the bosses of other powerful conglomerates including Hanwha, Yonhap news agency said citing an official at the Seoul prosecutor’s office. Prosecutors are investigating whether Park pressured the firms to donate millions of dollars to dubious foundations controlled by her longtime confidant, Choi Soon-Sil. Lee Jae-Yong, scion of Samsung group, is expected to be questioned Sunday, Yonhap said. Samsung also faces allegations it had separately offered $3.1 million to Choi to bankroll her daughter’s equestrian training in Germany. Park reportedly had a meeting last July with the top businessmen at her office and urged them to donate money to the two cultural foundations that Choi used for pers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.