Hyundai Motor Group appoints heir apparent as chief vice chairman

SEOUL (Reuters) – South Korea’s Hyundai Motor Group said on Friday that it has appointed Chung Eui-sun, vice chairman of Hyundai Motor Co (005380.KS), to chief vice chairman of the group.

Hyundai Motor Group Vice Chairman Chung Eui-sun attends the company’s new year ceremony in Seoul, South Korea, January 2, 2018. REUTERS/Kim Hong-Ji

Chung will assist his father and group chairman Chung Mong-koo, who promoted Chung to better respond to “deteriorating global trade issues” and changes in competitive dynamics in major markets, Hyundai Motor Group said in a statement.

Reporting by Hyunjoo Jin; Editing by Darren Schuettler

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