Seoul: Hyundai unveils refom plans for troubled investment arm
South Korea's largest conglomerate Hyundai bowed to government pressure Thursday and announced a plan to bail out its troubled financial arm. Hyundai said group chairman Chung Mong-Hun would offer his equity holdings in unlisted Hyundai companies, valued at 26 billion won (23 million dollars), to help clear the debts of Hyundai Investment Trust and Securities Co.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable