President of Hyundai's Insurance Arrested
Headline News
Ha Jong Sun, former attorney and president of Hyundai Marine & Fire Insurance Co. became the second suspect arrested in a week as a result of a probe into the 2003 sale of Korea Exchange Bank to Lone Star Funds.
Lee Kang Won, former Korea Exchange Bank head Lee Kang Won, was the first of the two suspects arrested in connection with the probe that has stalled Lone Star's efforts to sell Korea Exchange Bank for a profit of more than $4 billion.
Sun was apprehended by South Korean prosecutors and taken into custody on a warrant that was issued by the Seoul Central District Court, according to prosecutor, Chae Dong Wook. The court issued the warrant for Ha, a former attorney, because he tried to tamper with evidence.
The Seoul Central District Court refused to issue an arrest warrant for Byeon Yang Ho, the former government official. Byeon's warrant was rejected because prosecutors failed to prove he would destroy evidence or flee, the Korean-language news agency said. Chae, of the Supreme Prosecutors' Office, declined to comment on the court's reasons.
Prosecutors are investigatingt to find out whether the
Breaking Legal News.com
Neal Andrea
Staff Writer
Related listings
-
Trump’s tariffs loom over the economy as shipments from China fall
Headline News 04/29/2025American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on impor...
-
Trump’s tariffs expose Ukraine’s steel industry to another war
Headline News 02/17/2025The steel mill in a partially occupied region of Ukraine is a dystopian maze of flames, chutes and tentacled pipes, vast enough to be a small city. Thunderous blazes of sparks flash above the open furnaces where workers smelt iron ore into streams of...
-
Kenya’s deputy president pleads not guilty in impeachment process
Headline News 10/22/2024Kenya’s deputy president, who faces impeachment, pleaded not guilty in a senate hearing Wednesday to all allegations including corruption, inciting ethnic divisions and support for anti-government protests that saw demonstrators storm the count...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.