When Is Hyundai Going To Get It?

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 sought an emergency loan on May 31 to shore up the group's construction and shipping units, jittery investors immediately began dumping the company's stock. The sell-off sent the Seoul bourse to its lowest level in 14 months.

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