Hyundai Corruption Trial Verdict

Hyundai chairmen Chung Mong Koo was found guilty Monday for embezzling more than $110,000,000 in company funds.

He will serve a three year jail term, but plans to appeal the verdict.

Currently Chung Mong Koo is running the company.

Hyundai operates a factory in Montgomery and is building a Kia plant in Georgia, neither plant is expected to be affected by the verdict.