Globis Archives | Be Korea-savvy

Owner Family of Hyundai Motor Group Attempt to Sell Stakes in Logistics Unit — Again

SEOUL, Feb. 5 (Korea Bizwire) – Hyundai Motor Group Chairman Chung Mong-koo and his son will seek to sell a part of their stakes in a logistics unit following a failed attempt last month, the automotive group said Thursday.In January, Chung and his only son, Eui-sun, vice chairman of Hyundai Motor Co., sought to sell [...]

Hyundai Motor Seeks Co-existence with Nearby Commercial Area

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 [...]