Hyundai Motor's share price has rallied amid talk of restructuring by the parent group.
Reuters reported that the shares rose over 9% today to their highest value in almost two years on hopes that its parent group controlled by Chairman Chung Mong-koo may be about to reorganise as conglomerates in South Korea come under pressure following a number of high profile corruption scandals.
There is also market speculation that US hedge fund Elliott Management Corp may have bought a share in Hyundai Motor.
Reuters noted that Elliott last year pressured Samsung Electronics Co Ltd to restructure and pay a special dividend. The South Korean tech giant subsequently said it would consider creating a holding company and boost dividends, Reuters said.
Investment bank Goldman Sachs yesterday issued a report suggesting that restructuring at Hyundai Motor would unlock value at the company.
"The company is part of a particularly complex and suboptimal capital and corporate structure, and we see significant value that can be unlocked from restructuring," Goldman Sachs said.

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