Hyundai Quotes About Indicted Chairman Reflect The Strange World of Korean Industry

Check out the comments reported this week by Automotive News by Hyundai spokesman Oles Gadacz. Asked by the reporter if the indictment of chairman Chung Mong Koo on charges he created a $100 million slush fund to bribe various government officials has affected strategic planning issues for Hyundai and related company Kia Motors, Gadacz said: “With chairman Chung not being here, people are sunk….They want to know who they should follow, whose vision it will be. Should they undo Chung’s projects. Noone wants to think of that alternative.”

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