Hyundai's Fix

The chaebol promises to mend its ways. No one is convinced

The rumor had been flying for weeks: Korea's largest chaebol was in need of a money transfusion. So when Hyundai Group Chairman Chung Mong Hun paid Korea Exchange Bank a visit on May 26, faster than you can say asset-shuffle, jittery investors were dumping the company's stock. The sell-off sent the Seoul bourse to its lowest level in 14 months.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.