Hyundai son defies father's wishes
Hyundai Motors'' chairman is proving recalcitrant in defying his father''s call to step down.
Chung Mong Koo (MK), chairman of Hyundai Motors, is refusing to obey his father's wishes and resign from the helm of Korea's top automaker. Hyundai Group's restructuring committee today said founder Chung Ju Yung (JY) and his two sons - Chung Mong Hun (MH), who was recently appointed chairman of the group and MK - would relinquish management control of the conglomerate and its affiliates. This was countered minutes later by a Hyundai Motors statement saying there would be no managemen…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.