South Korean Prosecutors Arrest Son of Hyundai Founder on Tax Charges

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Wednesday, April 1, 1992
Volume: 
8
Issue: 
4
Pg. 133
Abstract: 
On April 21, 1992, South Korean prosecutors arrested a son of the founder of Hyundai as the South Korean government continued its war with South Korea’s second largest conglomerate. So far, the war has manifested itself over a number of criminal tax skirmishes. In the latest skirmish, South Korean prosecutors arrested Mr. Chung Mong-Hun, the vice-chairman of Hyundai Merchant Marine, for tax evasion after a two-week investigation of Korea’s largest shipping company…[more]