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Hankook Tech Chairman Arrested

Hankook Chairman Arrested
The chairman of Hankook Tire and Technology was arrested on charges of embezzlement and illicit inter-affiliate support earlier in March.

Hankook Tire and Technology Chairman Arrested

The Seoul Central District Court issued an arrest warrant for chairman Cho Hyun-bum following the court hearing that began at 3:30 p.m. the previous day, saying that Cho may attempt to destroy evidence.

Prosecutors put in a request for the warrant against Cho for charges of violating fair trade laws, embezzlement and breach of trust.

It is alleged that Cho used corporate funds for his own ends, making persona...

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