Former President-elect Lee Myung-bak, a former president-elect, Hyun-Beom Cho, Hankook Tire, accused of accumulating hundreds of millions of won from subcontractors, was sentenced to three years in jail and four years in probation.

Cho was prosecuted in December last year for allegedly taking over 600 million won from a subcontractor in exchange for delivery and taking away 200 million won from affiliates.