Prosecutors demanded a six-year prison term against Hyundai Motor Co. Chairman Chung Mong-koo for embezzlement and other charges Tuesday, adding to the woes of the largest South Korean automaker. The trial has cast a cloud over the company, which also is suffering from a row with its militant labor union that intensified this week with new strikes. Unionized workers laid down tools for a total of eight hours at three factories Monday in a dispute with management over the size of a bonus payment. Though workers will not strike Tuesday, they have scheduled a longer walkout Wednesday.
See Associated Press, The New York Times, January 15, 2007