Chung Mong-koo to step down from last management title at Hyundai Motor Group
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
The 82-year-old entrepreneur’s withdrawal from the board will be declared at the annual shareholders’ meeting of Hyundai Mobis on Mar. 24 before his term ends a year later, according to industry sources on Sunday.
Ko Young-suk, vice president and head of research and development strategic planning division, will succeed the elder Chung’s seat.
Chung, the eldest of the surviving offspring of Hyundai Motor Group founder Chung Ju-yung, will maintain the Honorary Chairman honor. He stepped down from the board of flagship Hyundai Motor Co. in March last year and handed over chairmanship to his son after 20-year reign. He left the board seat in Hyundai Steel in 2014 and Hyundai E&C in 2018.
Chung retained his executive level in Hyundai Motor and the board seat in Hyundai Mobis until last year. He then resigned from the helm of South Korean auto conglomerate and backed down to an honorary title in October.
Chung Mong-koo, born in 1938, had doubled as the board chair and chief executive of the auto mogul since March 1999. He built Korea as the world’s fifth largest vehicle producing country and became the first Korean indicted into the Automotive Hall of Fame, the industry’s top honor, in the class of 2020.
Hyundai Motor Group, which had 10 affiliated units with an asset of 34.4 trillion won ($31.14 billion) as of September 2000, now is the country’s second largest conglomerate with 54 affiliated units and 234.71 trillion won in assets as of the end of 2019.
Hyundai Mobis shares closed Monday up 0.47 percent at 323,000 won in Seoul trading. Hyundai Motor shares finished down 0.21 percent at 241,500 won.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- S. Korea’s Feb. 1-20 exports up 17% on brisk chip, auto demand - Pulse by Maeil Business News Korea
- GS Caltex mulls doubling bond issue on heated appetite from investors - Pulse by Maeil Business News Korea
- KOSE joins Korea’s tanker hot streak with new orders of $489 mn - Pulse by Maeil Business News Korea
- Korean stocks with interest in TMON rally after pre-IPO capital scheme - Pulse by Maeil Business News Korea
- Speculations arise that LG Elec may have put rollable phone project on hold - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 불신 자초하는 K바이오…왜?
- SM, 일본발 루머 강력 대응 “‘NCT 쟈니·해찬 성매매·마약 사실무근’” - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이