Out With The Old At Hyundai
Even though he has retired from any official positions at the mighty industrial group he founded, Chung Ju-Yung is still pulling the strings at Hyundai from the shadows. That was clear at a simple ceremony on Jan. 3 at Hyundai's Seoul headquarters. As about 200 senior executives looked on, the current chairman and younger brother of the 80-year-old "Big Chung" abruptly handed the reins of management over to the founder's eldest son, Chung Mong-Ku.
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