중앙데일리

Chung ruling pushed back to 19th

June 06,2007
The final court ruling on an appeal by Chung Mong-koo, chairman of Hyundai-Kia Motor Group, originally scheduled to take place yesterday, has been postponed until June 19.
The Seoul High Court said yesterday that it asked Chung’s defense counselors and prosecutors to submit additional legal materials on his charges. Prosecutors were set to demand a prison term for Chung yesterday morning. Chung is accused of embezzling almost $90 billion in company funds and of dealing a financial blow to Kia Motors Corp. in the course of conspiring to increase the corporate wealth of his only son, Eui-son, Kia Motors president.
The court asked both sides to reveal details behind Chung’s alleged slush fund. Regarding the misappropriation charge, the judges ordered prosecutors to clarify the exact damages that Chung caused to the business group and its subsidiaries.
The delay may keep Chung from taking part in the Bureau International des Expositions in Paris, where he intends to lobby for Korea to host the 2012 World Expo.
Chung, currently out on bail, needs court permission to travel abroad.


By Seo Ji-eun Staff Writer [spring@joongang.co.kr]



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