SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Motor Group’s Honorary Chairman Chung Mong-koo will donate 10 billion won (US$8.6 million) to a vaccine development center run by a local university to help fight the new coronavirus pandemic, the company said Tuesday. Chung Euisun, chairman of the South Korean automotive group, attended a signing ceremony for [...]
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Motor Group said Monday its honorary chairman will step down from all management positions at affiliates next month after 20 years of efforts to improve the carmaker’s brand awareness and product quality. Hyundai Motor Group Honorary Chairman Chung Mong-koo will step down from his executive director position on [...]
SEOUL, Sept. 5 (Korea Bizwire) – The chief of South Korea’s top automaker Hyundai Motor Group on Monday called for stepped-up efforts to develop new luxury and environmentally friendly cars to meet future demands, saying the future is already here. Group Chairman Chung Mong-koo also stressed the importance of the U.S. market as he headed [...]
SEOUL, July 3 (Korea Bizwire) – Suh Kyung-bae, chief of South Korea’s top cosmetics maker AmorePacific Group, has become the country’s richest man in stock value, overtaking former No. 1 Samsung Group Chairman Lee Kun-hee, market data showed Thursday. Stocks owned by Suh were valued at 12.8 trillion won (US$11.4 billion) as of Thursday, while [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor is considering a plan to build a third plant in India as part of efforts to expand its presence in the world’s second most populous country, the chairman of its parent group said Tuesday. Hyundai Motor, the flagship of the world’s fifth-largest auto [...]
SEOUL, April 2 (Korea Bizwire) – The wage gap between executives and ordinary workers has continued to increase dramatically in Korea, as the disparity in salaries at the top 30 listed companies reached up to 142 times last year. According to FNGuide, a financial information provider, Samsung Electronics topped the wage disparity among the 30 largest [...]
SEOUL, March 31 (Korea Bizwire) — The head of Samsung Electronics‘ mobile division grabbed the title of the highest-paid executive in South Korea last year thanks to a hefty bonus for the division’s robust performance in 2013. Shin Jong-kyun topped the list of corporate executives’ annual salaries by getting paid 14.57 billion won (US$13.13 million) [...]
SEOUL, March 13 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo said Friday that the nation’s largest automaker will push to enhance product competitiveness by expanding investment this year amid fierce competition from foreign brands and growing uncertainty at home and abroad. In his greeting to investors ahead of a general meeting of shareholders, Chung said [...]
SEOUL, Feb. 6 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo and his son offloaded part of their shares in the group’s logistics unit, Hyundai Glovis Co., at an estimated 1.1 trillion won (US$1 billion), industry sources said Friday. According to the sources, the two sold 5.02 million shares in the affiliate, which account [...]
SEOUL, Feb. 3 (Korea Bizwire) – To revitalize a struggling commercial area near the former KEPCO headquarters site in Seoul, Hyundai Motor Group plans to transfer employees from some of its subsidiaries, who currently work at different locations, to the KEPCO building. The world’s fifth largest automobile manufacturer plans to move 1,000 workers in the metropolitan area [...]