ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Automobiles

Hyundai heir takes over automaking group from ailing father

Chung Euisun named chairman amid recall and pandemic headwinds

Hyundai Motor's global sales have taken a hit from the coronavirus pandemic.    © Reuters

SEOUL -- Hyundai Motor Group heir Chung Euisun has officially taken over the world's fifth-largest automaker from his ailing father, becoming the third generation of the founding family to lead the company.

Hyundai announced on Wednesday that Chung was named chairman of the group with the endorsement of board members of Hyundai Motor, Kia Motors and Hyundai Mobis. Chung's father, Mong-koo, 82, resigned from the top job and given the title of honorary chairman.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more