Being chairman of a big automaker is not the safest, most lucrative job in the world, as Chung Mong-koo found out today, after the Seoul Central District court decided to make him pay $60 million in damages to the carmaker for losses he has caused by taking bad business decisions.
To refresh your memory, Chung Mong-koo is the same man who back in 2008 was convicted of embezzlement and breach of trust and sentenced to a three-year suspended imprisonment. His sentence was later pardoned by Sout… (read more)