Hyundai Motor’s Chung to Donate Part of Glovis Shares to Charity

Hyundai Motor Group Chairman Chung Mong Koo will donate a part of his stake in logistics company Hyundai Glovis Co. to a local social contribution and cultural foundation, the group said today in an e-mailed statement. The shares for donation are worth about 500 billion won ($464 million), it said.

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