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08:55 GMT, Tuesday, 3 June 2008 09:55 UK

Hyundai boss avoids prison again

Chung Mong-koo, Hyundai's boss

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.



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Related to this story:
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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