The chairman of Hyundai Motor Group, Chung Mong-Koo, has been arrested in South Korea on embezzlement charges.
Mr Chung and Hyundai are accused of creating slush funds to pay politicians and officials for business favours.
A Seoul judge said earlier that he had issued the arrest warrant because he feared Mr Chung may go into hiding or tamper with evidence
South Korean prosecutors have asked for an arrest warrant for Chung Mong-koo, head of the Hyundai motor group, on embezzlement charges.
He is at the centre of allegations of illegal political lobbying.
The car giant is suspected of creating a slush fund to pay politicians and officials for business favours
The chairman of Hyundai, Chung Mong-koo, is being questioned by South Korean prosecutors about allegations of illegal political lobbying.
As he arrived at the prosecutors’ office in Seoul, Mr Chung again offered an apology to the South Korean people.
The car giant is suspected of creating a slush fund to pay politicians and officials for business favours
Hyundai has made a public apology and pledged to donate assets to charity amid a widening probe into alleged corruption at the Korean car giant.
The firm, which is being investigated by prosecutors over claims of illegal political lobbying, said it would fully co-operate with the inquiry.
Hyundai said its chairman Chung Mong-Koo and his son would set aside assets worth 1 trillion won ($1bn)
Prosecutors have arrested the chief executive of carmaker Hyundai Motor’s logistics subsidiary, Glovis, on corruption charges.
Lee Ju-eun is suspected of embezzling 7bn won ($6.73m; £3
Three executives at Samsung Electronics have agreed to plead guilty on charges of conspiring to fix the price of computer memory chips.
The three men each agreed to serve terms of between seven and eight months in prison and to each pay a fine of $250,000 (£143,000).
The long-running US government probe has resulted in more than $731m in fines against 12 people and four firms
South Korea’s largest firm, Samsung, is to donate more than $825m (£473m) to charity after scandals hit the company.
The company chairman, Lee Kun-Hee, who recently returned to South Korea after a five-month overseas trip, apologised for “wrongful” previous practices.
He left the country in September after allegations of illegal donations to politicians, of which he was cleared
South Korean prosecutors have charged the founder of one of the country’s biggest industrial groups with fraud.
Kim Woo-Choong is accused of falsifying the books at the Daewoo Group and procuring loans under false pretences.
The group collapsed in 1999 under debts totalling more than $80bn (£45bn) and Mr Kim fled the country, only returning last month
South Korean chipmaker Hynix Semiconductor Inc. has agreed to plead guilty to price fixing and is facing a $185m (£142m) fine in the US.
In a plea filed in San Francisco, Hynix admitted conspiring with other companies to fix prices of popular computer memory products