Elliott Management calls for fresh restructuring at Hyundai Motor Group

Elliott Management

U.S. activist hedge fund Elliott Management made new propositions to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own strategy. Elliott, which owns $1.5 billion worth of shares in three Hyundai group companies, called for a committee to evaluate its proposals with other […]

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 […]

Hyundai Motor’s subcontractors to employ 18,000 new workers this year

Subcontractors of Hyundai Motor Group, South Korea’s car giant, plan to hire about 18,000 brand-new workers this year, offering a much-needed increase for the country’s plunging job market. Industry sources and business officials stated Thursday. The employment plan having about 380 subcontractors supplying parts and other items to the group is similar to the level […]