Hyundai Executives Barred from Leaving Country
South Korea probes Hyundai over political lobbying
South Korea today barred about 10 officials at South Korea's top automaker, Hyundai, from leaving the country over a probe into the suspected illegal political lobbying.
Also detained was Lee Ju-eun, the executive of car shipper Glovis Co. Ltd., for questioning over allegations that he was involved in raising funds used for political lobbying. Hyundai Motor Chairman Chung Mong-koo and his son, Chung Eui-sun, president of Kia, own a combined 60 percent of Glovis.
On Sunday, prosecutors raided the offices of Hyundai and Kia Motor Corporation. The prosecution official said the investigation was linked to a probe into a local businessman alleged to have received funds from the companies for political lobbying.
