Gov't Didn't Meddle in Chungs's Retirement.

From: Korea Times (Seoul, Korea) | Date: June 2, 2000 | Copyright information

The government was not involved with the controversial retirement of Hyundai Group's chairman Chung Ju-yung and his two sons _ group chairman Mong-hun and motor division head Mong-koo _ which sent tremors through the country's corporate scene, Financial Supervisory Commission chairman Lee Yong-keun said yesterday.

At a press conference, Lee said the government did not force Hyundai Group to adopt the drastic measure of retiring the three Chungs since he only became...