News headlines


PTI
 
Seoul, Feb 22: Hyundai Motor Co Chairman Chung Mong-koo left for India on business Wednesday, the company said, on Chung's first trip abroad since he was handed a prison term earlier this month.

Chung plans to check progress at Hyundai's second Indian plant, which is slated to start operating in the third quarter of this year in the city of Chennai, said Oles Gadacz, Hyundai's director of global public relations.

The Seoul District Court on Feb. 5 convicted Chung for illegally raising a 103.4 billion won ($110 million; euro 84 million) slush fund from affiliates, as well as other wrongdoing in one of South Korea's most high-profile corruption scandals.

  

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