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Hyundai Motor’s booth is seen near the Pyeongchang Olympic Plaza
in Pyeongchang
Thomson
Reuters
By Hyunjoo Jin and Joyce Lee
SEOUL (Reuters) – South Korea’s auto-to-steel giant Hyundai Motor
Group will streamline its complex ownership structure, as it
responds to calls from the government and investors to reform the
country’s powerful family-controlled conglomerates or chaebol.
Hyundai Mobis Co Ltd , a key affiliate, will spin off its module
and after-service parts businesses and merge them with another
group affiliate, Hyundai Glovis .
Parent Hyundai Motor Group’s Chairman Chung Mong-koo and his son
Chung Eui-sun, who is vice chair…
Read the full article at: http://www.businessinsider.com/r-hyundai-group-to-streamline-ownership-structure-in-reform-push-2018-3