Big Chung Bows Out

Hyundai founder Chung-Ju Yung thought he could shake up South Korea's politics by running for president last December. But "Big Chung" badly miscalculated and had to withdraw from politics. The government harassed Hyundai and Chung's family with tax probes and finally indicted the industrialist on charges that he used Hyundai Heavy Industries Co. money to fund his unsuccessful campaign. Local observers think that now that Chung has backed down, the government will drop the charges and leave Hyundai free of sanctions.

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