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Samsung, Hyundai officials face indictment

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Published: May 16, 2004 at 5:15 PM

SEOUL, May 16 (UPI) -- South Korea authorities reportedly plan to indict two executives of Samsung Group and Hyundai Motor Group on charges of making illegal political donations.

Lee Hak-soo, a Samsung vice chairman, and Kim Dong-jin, a Hyundai vice chairman, are being accused for making corporate donations in the 2002 presidential campaigns, the Korea Times reported Sunday.

The prosecution will end its investigation of these illegal corporate donations with the indictments of the two executives next week, said prosecutor Ahn Dai-hee.

"We've decided to indict Kim without physical detention. In Lee's case, however, we may decide to seek an arrest warrant," Ahn said.

Lee allegedly gave the donations to both the ruling and opposition parties, while Kim dollagedly donated money to the main opposition Grand National Party in 2002.

Central to the whole issue is how the prosecution will deal with South Korea's President Roh Moo-hyun and Lee Hoi-chang, then-presidential candidates of the ruling Millennium Democratic Party and the main opposition GNP.

The prosecution said it will announce the outcome of its probe on the two rivals, along with its decision on Roh and Lee, as early as next week.

Topics: Lee Hoi, Roh Moo
© 2004 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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