Hyundai Motor unit raided
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Hyundai Motor is South Korea's biggest carmaker.
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SEOUL, South Korea (Reuters) -- South Korean prosecutors have raided a leasing and lending unit of the country's top carmaker, Hyundai Motor, a spokesman for the affiliate told Reuters.
"Prosecutors began searching through our offices from 11 o'clock (0200 GMT) this morning, but we are not aware of the reason," the spokesman at unlisted Hyundai Capital said by telephone.
The move comes amid a series of investigations by prosecutors at other business groups, including Samsung Group and LG Group, over possible illegal funding to politicians.
Prosecutors could not immediately be contacted.
A number of investigations are underway over suspected links between the country's family-run conglomerates and politicians and bureaucrats during last December's presidential election.
Hyundai Motor shares are down 2.3 percent to 43,950 won Thursday afternoon, underperforming a 0.33 percent fall in the broader market.
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