CEO Of South Korea’s Top Tyre Maker Arrested On Bribery Charge

Published On 27-Nov-2019By TyreDekho Team

Family-controlled Hankook Tire is one of the world's top 10 tyre makers, whose customers include Hyundai, Ford and Volkswagen

CEO Of South Korea’s Top Tyre Maker Arrested On Bribery Charge

Cho Hyun-bum, chief executive of Hankook Tire & Technology, South Korea's top tyre maker, was arrested on Thursday on charges that include allegations of taking bribes, a court spokesman said.

Hankook Tire declined to comment. Hankook was not able to provide details of Cho's lawyer. Family-controlled Hankook Tire is one of the world's top 10 tyre makers, whose customers include Hyundai, Ford and Volkswagen.

A court in Seoul had issued the arrest warrant for Cho late on Thursday. Yonhap News Agency reported that prosecutors charged him with taking around 500 million won ($425,778.32) in kickbacks from suppliers and misappropriating funds at affiliates.

Source:Reuters

You Might Also Be Interested In

Latest Tyres

  • Car
  • Bike
  • Truck
  • SPORTRAD
    SPORTRAD
    110/70Z R17 54W
    Rs5,999
    • iconBike Tyre
    • icon
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Zapper C1
    Zapper C1
    90/100 R10
    Rs1,345
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Centauro NS
    Centauro NS
    190/55 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Smart Blaze RYDR BR43
    Smart Blaze RYDR BR43
    140/70-17
    Rs4,200
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Conta 725
    Conta 725
    90/90 R12
    Rs1,490
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • icon5
    M6303
    M6303
    90/90 R12 54J
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • BT SPORTMAXX
    BT SPORTMAXX
    140/70 R17
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Feelfree
    Feelfree
    120/70 R15 56H M/C
    Price Coming Soon
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers

Best Tyres

  • Car
  • Bike
  • Truck
  • SecuraDrive
    SecuraDrive
    205/60 R16
    Rs6,870
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • Fuel Smarrt
    Fuel Smarrt
    165/80 R14 85T
    Rs3,720
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconDry Grip
    View April Offers
  • Sturdo
    Sturdo
    205/55 R16
    Rs10,814
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • ZVTV
    ZVTV
    185/65 R15 88T
    Rs4,299
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View April Offers
  • Milaze
    Milaze
    145 R12
    Rs1,976
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View April Offers
  • ZLX
    ZLX
    165/80 R14 85T
    Rs4,683
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View April Offers
  • icon5
    Energy XM2
    Energy XM2
    165/70 R14 81T
    Rs3,880
    • iconCar Tyre
    • iconTubeless
    • iconHandling
    • iconWet Grip
    View April Offers
  • icon5
    Earth-1E400
    Earth-1E400
    185/65 R15 88H
    Rs6,563
    • iconCar Tyre
    • iconTubeless
    • iconFuel efficient
    • iconHandling
    View April Offers
×
Which is your city ?