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Page last updated at 08:55 GMT, Tuesday, 3 June 2008 09:55 UK

Hyundai boss avoids prison again

Chung Mong-koo, Hyundai's boss
Chung Mong-koo is still chairman of Hyundai Motor

A South Korean court has upheld the ruling that Hyundai Motor boss Chung Mong-koo does not have to go to prison.

In February last year he was found guilty of breach of trust and embezzling 90bn won ($89m; £45m), and was given a three year jail term.

An appeal court suspended the sentence, saying it would damage the economy.

The new court ruling changed the terms of his community service, saying it had to be 300 hours of manual work for charities or environmental protection.

The previous order had said that he could instead deliver lectures and write newspaper articles about the importance of lawful business management.

The 70-year-old executive is still in charge of the world's sixth largest carmaker.


SEE ALSO
New attempt to jail Hyundai boss
20 May 08 |  Business
Guilty Hyundai boss escapes jail
06 Sep 07 |  Business
Court insists on Hyundai sentence
19 Jun 07 |  Business
Battered Hyundai sees profit fall
02 May 07 |  Business
Hyundai's boss gets three years
05 Feb 07 |  Business
Jail demand for Hyundai chairman
16 Jan 07 |  Business

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