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[Market Eye] Hyundai Motor's succession plan a headache to Hyundai Card : 네이버 뉴스

[Market Eye] Hyundai Motor's succession plan a headache to Hyundai Card : 네이버 뉴스
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BTS members become stock-rich as label stock tests new highs

BTS members become stock-rich as label stock tests new highs
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Chung Mong-koo to loosen control of Hyundai Motor Group

By Nam Hyun-woo
Hyundai Motor Group Honorary Chairman Chung Mong-koo will vacate his board membership at Hyundai Mobis, loosening his control over the management of Hyundai Motor Group companies.
According to industry officials, Sunday, Chung won t be renamed as an internal director on the Hyundai Mobis board of directors during the component maker s annual general meeting slated for March 24.
Chung s current term expires in March, and the honorary chairman has already passed over the majority of Hyundai Motor Group companies managing rights to his son, Hyundai Motor Group Chairman Chung Euisun.
When Chung Mong-koo ends his term, the 82-year-old will no longer hold board memberships at Hyundai Motor Group, meaning he won t be involved in managing the auto giant in the future. ....

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