Word: monges
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...recent years boosted quality and won fans in key markets such as the U.S. and China. But the fast-growing South Korean automaker-the world's seventh-largest when combined with its affiliate Kia Motors-was blindsided last week from an unexpected quarter: its 68-year-old chairman, Chung Mong Koo, was arrested on charges of embezzling $100 million and breach of trust relating to $300 million in company losses...
...earth on which to build their third house, mostly from materials salvaged from their second, which they dismantled when they had to leave on June 1. It sat near the orphanage and had been their home for nearly five years. And their first house, near the Shan town of Mong Nai? "Burmese soldiers burned it down," says Ka Ling matter-of-factly...
...Chung Mong Koo, Chairman of South Korea's Hyundai Motor, carefully scrutinizes a newly designed gearshift lever for the automaker's Sonata sedan while his entire senior-management team hovers around, anxiously awaiting his approval. The execs are justifiably edgy. Engineers added a plastic plate beneath the shifter to prevent spilled coffee and other flotsam from falling into the mechanism and gumming...
...Chung Mong Koo, chairman of South Korea's Hyundai Motor, carefully scrutinizes a newly designed gearshift lever for the automaker's Sonata sedan while his entire senior management team hovers around, anxiously awaiting his approval. The execs are justifiably edgy. Engineers added a plastic plate beneath the shifter to prevent spilled coffee and other flotsam from falling into the mechanism and gumming it up. It's a minor change, but no one is treating it that way, least of all Chung, a hard-nosed, detail-oriented boss with a penchant for micromanagement. ("He still makes the decision...
...backlash. Business life today in South Korea is marked by a steady stream of special investigations into chaebol-related bribery, stock manipulation, illegal campaign contributions, tax evasion and fraud. Chey Tae Won, nephew of the founder of SK Group, was jailed last year for accounting and stock fraud. Chung Mong Hun, the favorite son of Hyundai's founder, killed himself last year after being accused of illegally passing money to North Korean dictator Kim Jong...