Hyundai Motor chairman to give up board seat as succession looms

Mong-Koo Chung will remain as chairman and as an executive who does not hold a board seat, a spokesperson said.

By:

JOYCE LEE

By:

Reuters

February 19, 2020 12:08 PM

SEOUL -- Hyundai Motor Group Chairman Mong-Koo Chung plans to give up his board seat, in the latest sign that the octogenarian patriarch of South Korea's second-largest conglomerate is preparing to hand the reins over to his son.

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