Hyundai Motor Chairman, Son Gain $1 Billion from Stake Sale in Logistics Arm

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 [...]