News
 International
 National
 Embassy News
 Arts & Living
 Business
 Travel & Hotel
 Medical Tourism New
 Taekwondo
 Media
 Letters to Editor
 Photo Gallery
 Cartoons/Comics/Humor
 News Media Link
 TV Schedule Link
 News English
 Life
 Hospitals & Clinics
 Flea Market
 Moving & Packaging
 Religious Service
 Korean Classes
 Korean Weather
 Housing
 Real Estate
 Home Stay
 Room Mate
 Job
 English Teaching
 Translation/Writing
 Job Offered/Wanted
 Business
 Hotel Lounge
 Foreign Exchanges
 Korean Stock
 Business Center
 PR & Ads
 Entertainment
 Arts & Performances
 Restaurants & Bars
 Tour & Travel
 Shopping Guide
 Community
 Foreign Missions
 Community Groups
 PenPal/Friendship
 Volunteers
 Foreign Workers
 Useful Services
 ST Banner Exchange
  Business
Hyundai's Kim Yun-Gye under Pressure
Vice Chairman, Pointman for N. Korean Projects

Mr. Kim Yun-Gyu

Vice Chairman of Hyundai Asan Kim Yun-Gyu, the pointman who spearheaded Hyundai Business Group's projects in North Korea, is now under pressure to resign from the Hyundai Group.

Christian Broadcasting System(CBS), a local radio and cable TV network, reported on August 8, 2005 that Vice Chairman Kim had been under surveillance for his "personal irregularities" from the group. Kim has been in charge of all the North Korea-related projects within Hyundai Group.

Hyundai Group also announced August 8, 2005 that starting at the end of June it began special inspection on the North Korean projects of Hhundai Asian, Hyundai's legal entity set up to take care of all the North Korean affairs.

This inspection has been conducted on the order of Hyun Jung-Eun, chairwoman of Hyundai Group, also the wife of the late Chairman Chung Mong-Hyun. In particular, this inspection is focused on the personal irregularities of Vice Chairman Kim.

A Hyundai source also said on the same day that the launching of the inspection was started. The source added that it is up to Vice Chiarman Kim to feel the pressure to resign or not.

"The inspection on Vice Chairman Kim took place at a sensitive time when Mt. Baekdu and Gaeseong is about to open to South Korean tourists," a high-ranking official of Hyundai Asan was quoted as saying.

Vice Chairman Kim Yun-Gyu was the one hand-picked by the late Chairman Chung Mong-Hun to run Hyundai's North Korean businesses and he left a will for this.

Chung Mong-Hun committed suicide in August 2003 when he was under investigation from the prosecution in regard to the alleged supplying for the political fund.

His wife, Ms. Hyun Jung-Eun, who took charge of Hyundai Group after Chung's death, met with North Korean leader Kim Jong-Il from July 12 to 17 and reached an agreement with Kim on opening Mt. Baekdu and Gaeseong City to South Korean tourists within this year.




 

back

 

 

 

The Seoul Times Shinheungro 25-gil 2-6 Yongsan-gu, Seoul, Korea 04337 (ZC)
Office: 82-10-6606-6188 Email:seoultimes@gmail.com
Copyrights 2000 The Seoul Times Company  ST Banner Exchange