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The motor business went to Chung Mong-koo, who is alleged to have made illegal share transfers to enable his family to maintain management control.
ECONOMIST: Hyundai Motor
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Chung Mong-koo's father, as boss of the country's biggest chaebol, led South Korea's growth in a wide range of industries from ships to computer chips.
ECONOMIST: Hyundai Motor
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South Korean prosecutors are investigating whether Hyundai and a related logistics company owned by Chairman Chung Mong-Koo's family created slush funds to pay for political favors.
FORBES: Red Tape
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The chairman of Hyundai Motor , Chung Mong-koo, apologised to South Koreans for becoming embroiled in a series of scandals involving political lobbying and slush funds.
ECONOMIST: Business this week
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Also accompanying Ms. Park to the U.S. will be a 52-member delegation of business leaders, including Samsung Group Chairman Lee Kun-hee and Hyundai Motor Group Chairman Chung Mong-koo.
WSJ: South Korea's Park Travels to U.S. to Bolster Alliance
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But the strength of the won has forced it to raise prices, and Chung Mong-koo's legal troubles have delayed the opening of new plants in America and Europe.
ECONOMIST: Hyundai Motor
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Maybe Chung Mong-koo was just showing good old-fashioned restraint in the face of some frothiness from the rest of the industry (just who is going to buy all those cars?) but it was a reminder that Koreans, with their won currency appreciating again, are dependent on the health of export markets and not all is well around the globe.
FORBES: Asia's Week: China Tightens, Japan Loosens, Korea Pauses
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Emboldened, O'Neill's boss, Mong-Koo Chung, the revered chairman of Hyundai Motor, is demanding even more.
FORBES: Speed Kills
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Emboldened, O'Neill's boss, Mong-Koo Chung , the revered and regal chairman of Hyundai Motor, is now demanding even more.
FORBES: Speed Kills
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Mong-Koo Chung, the eldest living son of founder Ju-Yung Chung, took over as chairman in 1999 as the conglomerate began to split.
FORBES: Magazine Article