SEOUL, Nov. 11 (Korea Bizwire) — A whistleblower for exposing safety issues surrounding Hyundai Motor Co. and affiliate Kia Corp. automobiles will be awarded US$24 million. The U.S. National Highway Traffic Safety Administration (NHTSA) announced Tuesday that it will award $24 million to a whistleblower who exposed critical information about Hyundai and Kia’s branch office [...]
SEOUL, April 28 (Korea Bizwire) – The 54-year-old chief of Hyundai’s quality and strategy department, Kim Gwang-ho, has been reinstated in his former position after being fired for disclosing defects in the company’s Theta II engine, which prompted a recall of nearly 170,000 cars in South Korea. Hyundai’s temporary move to offer Kim his old [...]
SEOUL, April 12 (Korea Bizwire) – South Korean automobile manufacturer Hyundai Motor’s recent decision to recall around 170,000 cars of five different models in its motherland due to manufacturing defects found in its Theta 2 engine was prompted by an insider, recent reports have revealed. A great level of attention is being paid to whistleblower [...]
SEOUL, June 23 (Korea Bizwire) – Korean prosecutors who were investigating allegations of GM Korea employees receiving kickbacks in return for business favors are now widening the scope of their investigation to also cover bribes related to employment guarantees. Many have testified that an applicant is guaranteed a permanent position regardless of qualifications if executives of [...]
SEOUL, Feb. 23 (Korea Bizwire) – A whistleblower who helped the Korean tax office collect billions of won from tobacco company KT&G was indicted for blackmailing the company prior to alerting authorities about the company’s tax evasion. The whistleblower, surnamed Lee, entered KT&G in 1994 and was a diligent employee of the firm, the largest tobacco company [...]