Arrest Warrant Sought for Hyundai/Kia Leadership

Cheon Jong-woo and Lee Jin-joo report via Reuters that Hyundai/Kia leadership might be looking at trouble with The Man. They write, in part, that,

South Korean prosecutors sought an arrest warrant on Thursday for the chairman of Hyundai Motor on charges of misusing company funds, striking a blow to the country's family-run chaebol conglomerates. ...

Besides seeking an arrest warrant for Hyundai Motor Chairman Chung Mong-koo, prosecutors also sought to indict but not detain Chung Eui-sun, the chairman's son and president of Kia, senior prosecutor Chae Dong-wook told reporters.

Not great news yet one can likely bet that capitalism in the global economy marches on. West Point and our area as a whole is counting on Kia and it would be a shame to see these plans crumble. Peace ... or War!