A Seoul high court has confirmed its previous suspended jail term for Hyundai Motor Chairman Chung Mong-koo but also ordered him to perform community service involving manual labour.


In a retrial ordered by the Supreme Court, the court gave Hyundai Motor Chairman Chung Mong-koo a suspended five-year term for embezzlement and breach of trust.


But the court ordered 300 hours of community service for Chung instead of obliging him to give lectures or contribute business articles to newspapers as punishment.


In April, the Supreme Court ordered a retrial of Chung’s case, saying that part of an earlier ruling by a lower court for him was legally inappropriate.


In the appeals court ruling, Chung was also ordered to carry out his earlier promise to contribute 840 billion won ($827 million) to charities.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Chung, 69, was sentenced to three years in prison in February last year for breach of trust and embezzling 90 billion won ($87.4 million) in company funds through fraudulent accounting.