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Hyundai heir apparent gets No 2 post

Auto News - Published on Mon, 17 Sep 2018

Image Source: yonhapnews.co
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Hyundai heir apparent gets No 2 post

hyundai_heir_apparent_gets_no_2_post_26002.jpg

Hyundai heir apparent gets No 2 post

Yonhap reported that Hyundai Motor Group, South Korea's biggest carmaker by sales named the group's heir apparent as its executive vice chairman amid growing uncertainties in the global automobile market. Mr Chung Eui-sun, 49, as the executive vice chairman, will assist his father and the conglomerate's Chairman Chung Mong-koo, 81, in responding to the spread of protectionism in major trading partners, such as the United States and China, and tougher competition from rivals.

The appointment is the chairman's decision and is aimed at securing new growth drivers in the era of the Fourth Industrial Revolution, which is characterized by the convergence of cutting-edge technologies such as artificial intelligence.

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Posted By : Joykumar Irom on Mon, 17 Sep 2018
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