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Hyundai Motor heir takes over from father after 20 years in waiting

In the first generational handover at the South Korean automobile giant in 20 years, Chung, 49, said he hoped to lead change at South Korea's second-biggest conglomerate

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File Photo of Euisun Chung

3 min read Last Updated : Oct 15 2020 | 1:24 AM IST

Hyundai Motor Group appointed Euisun Chung (pictured) as group chairman on Wednesday, cementing his succession from his octogenarian father in a move likely to give impetus to the world's fifth-largest automaker's push into electric vehicles and flying cars.

In the first generational handover at the South Korean automobile giant in 20 years, Chung, 49, said he hoped to lead change at South Korea's second-biggest conglomerate as it battles to stay ahead of the pack in a time of rapid technological innovation in the global auto industry.

"Carrying on their bold and innovative legacies, I feel privileged, yet also a sense

Topics : Hyundai Motor

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