Hankook Tire chairman Cho indicted
Arrested on 6 March 2023, Hankook Tire & Technology chairman Cho Hyun-bum has now been indicted on charges of illicit inter-affiliate trading, embezzlement and breach of trust.
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Hankook confirms chairman’s arrest
Hankook Tire & Technology has confirmed reports of the arrest of Hankook Tire chairman Cho Hyun-bum. Writing in statements published between 7-9 March, company officials confirmed that: “On 6 March 2023, the Seoul Central District Prosecutor’s Office requested an arrest warrant for our executive, Cho Hyun-bum. As a result of the Seoul Central District Court’s pre-arrest interrogation (arrest warrant review), an arrest warrant was issued on 9 March 2023.”
Hankook Tire CEO Cho indicted on bribery, embezzlement charges
South Korea’s Yonhap News Agency has reported the indictment of Cho Hyun-bum, chief executive of tyre maker Hankook Tire & Technology. According to Yonhap, prosecutors said yesterday that Cho was indicted for accepting bribes and embezzling corporate funds.
Hankook CEO arrested on bribery charges
Hankook Tire chief executive Cho Hyun-bum was arrested in Seoul on allegations including bribery and embezzlement on Thursday 21 November 2019, according to local news sources including The Korea Times and Reuters.
Ghosn’s gone
Roughly two decades after taking the helm at Nissan (and later chairing the Japanese firm’s alliance with Renault and Mitsubishi), the carmaker’s board voted to remove company boss Carlos Ghosn following his arrest in Japan for underreporting his salary.
