Just a couple of years ago, dealers like Scott Fink were benefiting from steady inroads made for more than a decade by Korean carmakers in the U.S. Now, the owner of three Hyundai outlets is buying a Chevy store.
With North Korea escalating its threats to test a ballistic missile, South Korean President Park Geun Hye was conferring with Bill Gates on another pressing matter. Seated across from Microsoft Corp.’s billionaire co- founder on April 22 at a formal dining table in the Blue House, her official residence, Park picked the tech mogul’s brain about how to nurture entrepreneurs to keep the world’s 15th-largest economy humming.
Billionaire Schindler Holding AG Chairman Alfred Schindler said Hyundai Elevator Co. management reneged on a provisional agreement to sell most of the company, forcing him to file lawsuits to protect his investment.
Hyundai Motor Co. Chairman Chung Mong Koo was ordered by a court to pay the company 74.6 billion won ($66 million) for unfairly helping affiliates at the expense of the automaker he’s led for a decade.
Hyundai Motor Co., South Korea’s largest automaker, and its advertising affiliate Innocean Worldwide Inc. apologized for posting a promotional video depicting a man trying to kill himself in his vehicle.
Mando Corp., South Korea’s third- largest maker of car parts, bought new shares of an affiliate, defying investor opposition and government calls for limiting cross shareholdings in family-controlled groups.
Ted Chung, chief executive officer of South Korea’s biggest consumer finance company, was on a business trip in Copenhagen in April 2011 when his deputy called in a panic. Hackers had broken into computer servers at Hyundai Capital Services Inc., stealing customers’ personal information. Stunned, Chung hopped the Hyundai jet back to Seoul.
A decade-long feud that split one of South Korea’s most powerful families now puts a former Girl Scout leader against the nation’s second-wealthiest man in a $2.5 billion fight for the country’s biggest construction company.