Elliott Management set to vote against Hyundai restructuring plan

Elliott Management

U.S. activist fund Elliott Management has stated it will vote against Hyundai Motor Group’s restructuring plan and prompted other shareholders to decline the proposal to reform South Korea’s second-largest conglomerate. A Hyundai Motor Group executive replied that the proposed arrangements to simplify the carmaker’s complex ownership structure would not modify and promised higher returns for […]

Fewer Executives Were Promoted Even After A Drop In Profit By Hyundai Motor

Hyundai Motor

On Monday, Hyundai Motor Group, the second-biggest corporate of South Korea, has confirmed that after the annual reshuffle, they had promoted 348 executives, whereas the profit percentage is reduced by 5 percent from last year due to the growing business uncertainty. As announced by flagship unit from the Hyundai, the report of fourth consecutive decline […]