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Topic: Hyundai Motor Group

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	Hyundai Motor Company - Wikipedia, the free encyclopedia
		Hyundai is now the fastest-growing auto brand in the United States and in 2004, it was ranked second in "initial quality" (not including the quality of body and engine parts) in a survey/study by J.D. Power and Associates.
		Hyundai has invested in manufacturing plants in the North America, Pakistan, China, India, and Turkey as well as research and development centers in Europe, North America, and Japan.
		Hyundai motor vehicles are sold in 193 countries through some 5,000 dealerships and showrooms.
	en.wikipedia.org /wiki/Hyundai_Motor_Company (1700 words)

	S.Korea moves to arrest Hyundai Motor head - Boston.com
		Hyundai, whose name in Korean means modern, became the world's number seven car maker in just four decades and was instrumental in the rebuilding of the economy after the 1950-1953 Korean War.
		Shares in Hyundai Motor, the country's fifth-biggest stock with a market value of about $20 billion, ended down 1.78 percent before the issue of the arrest warrant at 82,900 won, against a main index that fell 2.26 percent.
		Hyundai officials say their current chairman is a micromanager who holds a meeting at 6:30 a.m.
	www.boston.com /news/world/asia/articles/2006/04/28/skorea_moves_to_arrest_hyundai_motor_head (657 words)

	South Korea seeks to arrest Hyundai Motor head - Boston.com
		Hyundai said in a filing to the stock exchange it would not release its first quarter-earnings as planned on Thursday and did not give a date.
		Hyundai, which means "modern," became the world's number-seven car maker in just four decades and was instrumental in rebuilding the economy after the 1950-1953 Korean War.
		Hyundai officials say their current chairman is a micro-manager who holds a meeting at 6:30 with executives every morning and is heavily involved in most decisions.
	www.boston.com /news/world/asia/articles/2006/04/27/south_korea_seeks_to_arrest_hyundai_motor_head (944 words)

	Cartype : Hyundai logo
		Hyundai cars are often perceived as low-end, unreliable, and undrivable due to their build quality.
		Essentially, Hyundai's parent company, Hyundai Motor Group, began investing heavily in the quality, design, manufacturing, and long-term research of its vehicles starting in 1998, and added a 10-year or 100,000 mile warranty to its vehicles in the United States.
		Hyundai has invested millions of dollars in its American branch, and has opened a design plant in Michigan, a test track in California, and a Sonata plant in Alabama due to the brand's growing popularity there.
	www.cartype.com /page.cfm?id=687&alph=E (549 words)

	Hyundai - KnowledgeIsFun.com (Site not responding. Last check: 2007-10-30)
		The Hyundai Group (meaning "modern" in Korean) was founded by Chung Ju-yung in 1947 as a construction company and was once South Korea's biggest conglomerate (chaebol).
		Hyundai is often pronounced incorrectly with 'hun-day' (US) and 'high-oon-die' (UK, Aus) classic examples which stem from advertising campaigns in the US and Australia and a phonetic reading of the English spelling.
		Hyundai is also known for the manufacturing of motor vehicles in several countries; the U. has been a source market for these cars.
	www.knowledgeisfun.com /H/Hy/Hyundai.php (363 words)

	Asia Times: Time for the Hyundai Group to take stock
		Hyundai Securities Co, whose executives tendered their resignations en masse on Thursday, also acknowledged 90 billion won in losses as of the third quarter last year and that it expects to remain in the red in 2001.
		Hyundai Motor broke away from the group last year and is expected to be listed as a separate business group by the Fair Trade Commission April 1.
		Despite the current crisises in the Hyundai Group, Chung is one of the most respected figures in Korea for his pivotal role in Korea's economic miracle.
	www.atimes.com /koreas/CC23Dg01.html (1330 words)

	Hyundai Motor Company Moves to New Headquarters In Korea
		The new 21-story building will house both HMC and Kia Motor Company, delivering additional cost benefits to the merged manufacturers as well as clearly indicating their role at the center of the Hyundai Motor Group which was established as an independent operation this summer.
		Hyundai Motor Group had previously been located in the headquarters building for the Hyundai Group.
		With the spin off of Hyundai Motor Group as a completely separate company in August, which ended its association with the Hyundai Group, it was considered appropriate that the Motor Group establish a fully separate headquarters.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-28-2000/0001394159&EDATE= (305 words)

	Automotive Intelligence
		The Hyundai slogan -- "Drive your way" -- is designed to communicate the company's 'refined and confident' brand attributes, while the slogan -- "The Power to Surprise" -- is aimed at embodying the 'exciting and enabling' values of the Kia brand.
		Hyundai and Kia will integrate their respective brand strategies into all facets of their business including product development, design, marketing, sales, and after sales service.
		The long term objectives of the Hyundai-Motor Automotive Group are to elevate its brand value to the level of the world's elite auto manufacturers, while joining the ranks of the world's top 30 global brands and the top five automotive brands in terms of brand value.
	www.autointell.com /asian_companies/hyundai/hyundai-business/hyundai-brand-strategy-05.htm (419 words)

	Hyundai Motor head apologises at embezzlement trial
		The chairman of Hyundai Motor Group appeared in court in blue prison stripes at the start of his trial to apologise for wrongdoings he blamed on his drive to create a global car maker.
		Firms such as Hyundai and Daewoo were instrumental in rebuilding the economy in the years after the 1950-53 Korean War.
		Hyundai has previously apologised for the scandal and said its chairman's family would donate their $1 billion stake in car shipping affiliate Glovis to charity.
	news.webindia123.com /news/Articles/Business/20060601/350783.html (398 words)

	Hyundai Motor India (Site not responding. Last check: 2007-10-30)
		Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, S. Korea.
		Hyundai Motor India Limited is a wholly owned subsidiary of the Hyundai Motor Company (HMC), Korea, a part of the Hyundai Motor Group comprising Hyundai Motor Company, Kia Motors, Hyundai Mobis and other affiliated companies, with a combined turnover of over US$ 50 Billion.
		The Hyundai Motor Group with a presence in 185 countries and combined annual sales of over 3 million units is one of the fastest growing auto manufacturers in the world.
	www.hyundai.co.in /getz/common/GetzMain.asp?pagename=news (536 words)

	Chung Ju-yung 1915—2001 - HUMBLE BEGINNINGS, A DETERMINED EMPIRE-BUILDER, SUCCESS AT A PRICE
		Hyundai Civil Industries was responsible for building much of South Korea's transportation infrastructure from the 1950s through the 1970s.
		Sensitive to criticism, Chung's successors at Hyundai were quick to document the annual increases in corporate funds dedicated to worker welfare throughout the late 1990s and 2000s.
		Chung resigned as active chairman of the Hyundai Group in 1987, although he remained its honorary chairman.
	www.referenceforbusiness.com /biography/A-E/Chung-Ju-yung-1915-2001.html (2251 words)

	Hyundai Motor Group aiming at 16% growth in sales on TechWhack News
		TVS Motor reports improved sales in the last financial year TVS Motor has come out with their yearly results and has reported a 19 per cent growth in motorcycle sales for the financial year 2005-06.
		Hyundai Motor India to increase production to meet growing demand Hyundai’s venture in the Indian market has been one of the most successful ventures for any global company.
		Hyundai might launch a new small car next year Incoming reports suggests that South Korean automaker Hyundai might roll out a new small car from their plant located at Chennai in 2007.
	news.techwhack.com /2822/020110-hyundai-motor-group-aiming-at-16-growth-in-sales (790 words)

	Hyundai Motor Company Worldwide Network (Site not responding. Last check: 2007-10-30)
		Hyundai has enjoyed double digit sales gains in the Chinese, Indian and Russian markets while in the more competitive North American and European markets, a more modest pace of growth has been registered.
		Hyundai vehicles are sold in 193 countries through some 5000 dealerships and showrooms.
		Hyundai Motor Co. is a sponsor of the 2006 FIFA Germany World Cup.
	norway.hyundai-motor.com /components/menu/MainPage/HMCNew_detail.aspx?no=10872&Menu_no=1001 (315 words)

	ABC News: Kia Motors President Questioned in Probe (Site not responding. Last check: 2007-10-30)
		Kia Motors President Chung Eui-sun, a son of Hyundai Motor Chairman Chung Mong-koo, talks to the reporters at the Supreme Public Prosecutors' office in Seoul, Thursday, April 20, 2006.
		Chung, the son of Hyundai Motor Co. Chairman Chung Mong-koo, appeared at the Supreme Public Prosecutors' office in Seoul, his arrival broadcast live on a cable news channel.
		Hyundai announced Wednesday that the two Chungs planned to donate one trillion won ($1.1 billion) worth of personal assets to society.
	abcnews.go.com /Business/wireStory?id=1863937 (413 words)

	The Standard - China's Business Newspaper
		The Kia president is the son of Hyundai Motor chairman Chung Mong Koo, who was arrested in late April and is on trial on charges of embezzling company funds.
		Hyundai has apologized for the scandal and said the Chung family will donate their US$1 billion (HK$7.8 billion) stake in car shipping affiliate Glovis to charity.
		Shares in Hyundai Motor, which have lost more than 20 percent of their value this year, climbed 1.87 percent to 76,400 won.
	www.thestandard.com.hk /news_detail.asp?pp_cat=17&art_id=20491&sid=8344410&con_type=1 (492 words)

	Hyundai Motor head arrested over slush fund scandal
		Hyundai Motor Group head Chung Mong-Koo (C) walks with prosecutor officers to prison at the Prosecutor General's office in Seoul.
		Hyundai Motor Group head Chung Mong-Koo has been arrested and thrown into a prison on charges of embezzlement and breach of trust following a month-old probe into a slush fund scandal.
		Together with Kia Motors, which it took over in 1998, the Hyundai Motor group is now ranked seventh in the world in vehicle sales.
	www.turkishpress.com /news.asp?id=121001 (737 words)

	ANTARA News :: Hyundai Motor Group Aims at 100 Trln Won Sales for 2006 (Site not responding. Last check: 2007-10-30)
		The group`s flagship Hyundai Motor Co said that it aims to achieve 42 trln won in sales this year with the sale of 2.69 mln units, compared with 35 trln won projected for 2005.
		Its Kia Motors Corp operations plan to have 21 trln won in sales for 2006, with a goal of 1.4 mln units, compared with an estimated 17 trln won in 2005.
		Hyundai Motor plans to allocate a total of 3.4 trln won and Kia Motors 2.2 trln won for capital spending, XFN-Asia reported.
	www.antara.co.id /en/seenws/?id=7990 (254 words)

	Head of Hyundai Group arrested in South Korea
		Seoul- Hyundai Motor Group Chairman Chung Mong Koo was arrested Friday on charges of embezzlement and taken to a prison outside Seoul, local media reports said.
		Hyundai, which is the main sponsor of the 2006 World Cup in Germany, fears permanent damage to its market image owing to the scandal.
		Seoul - Hyundai Motor Group chairman Chung Mong Koo was...
	news.monstersandcritics.com /business/article_1159246.php/Head_of_Hyundai_Group_arrested_in_South_Korea (620 words)

	Hyundai Stockholders Sue Top Execs; Unions to Demand Wage
		On the same day Hyundai Motor Co. Ltd’s union announces it plans to request a hefty raise hike, a shareholders’ group files a lawsuit with the Seoul central district court against Hyundai Motor Group.
		The suit accuses Hyundai Motor Group Chairman Chung Mong-koo and his son, Chung Eui-sun, president and CEO of both Kia Motors and parts maker Hyundai Mobis, of diverting money from the Group’s listed corporations into a private company, in which the two Chungs have a controlling interest.
		Hyundai’s labor union announced at the time of the voluntary management salary freeze that it foresaw the move as a ploy to prevent hourly workers from receiving a wage increase this year and would fight against it.
	wardsauto.com /ar/hyundai_stockholders_sue (944 words)

	Prosecutors seek arrest of Hyundai Motor chief in graft probe
		Hyundai Motor group chairman Chung Mong-Koo walks to the Prosecutor General's office in Seoul, on April 24.
		Hyundai Motor chairman Chung Mong-Koo, 68, used the money to set up a slush fund to bribe government officials and bankers, prosecutors said.
		Last week, Hyundai Motor issued a public apology and the Chungs promised to donate to charity their 60-percent holding worth some one billion dollars in Glovis, a Hyundai unit at the center of the scandal.
	www.turkishpress.com /news.asp?ID=120805 (825 words)

	Kia Motors
		Kia's troubles in 1997 helped to push South Korea into the Asian financial crisis, and it was acquired in 1998 by the Hyundai Motor Company.
		On September 6, 2005, Kia announced that it would be building a new plant in Mississippi in the US to keep up with the US demand for Kia vehicles, which has risen steadily and is expected to reach 290,000 vehicles sold in the US for 2005.
		Kia is one of the companies of the Hyundai Motor Group and has four subsidiaries:
	www.brainyencyclopedia.com /encyclopedia/k/ki/kia_motors.html (434 words)

	South Korea Arrests Head of Hyundai Motor - New York Times
		SEOUL, April 28 — The head of Hyundai Motor, Chung Mong Koo, was arrested today on charges of embezzlement and other corruption, a major blow to the world's seventh-largest carmaker just as it is pushing for global expansion.
		The crackdown comes as Hyundai and other South Korean exporters are struggling with the rising value of the won, which makes their goods more expensive abroad.
		Hyundai Motor, the country's largest carmaker, delayed the release of its first-quarter earnings, which had been scheduled to be issued Thursday.
	www.nytimes.com /2006/04/28/world/asia/28cnd-hyundai.html?ex=1303876800&en=b85b42bb087476ee&ei=5088&partner=rssnyt&emc=rss (1036 words)

	Hyundai Motor (Site not responding. Last check: 2007-10-30)
		"Hyundai and Kia have been developing environment-friendly cars since the 1990s in line with their goal of converging living with nature," Chung Mong-koo, chairman of Hyundai Motor Group, said.
		Hyundai's new gas-electric hybrid car, which follows a number of concept models, boasts 50 percent better fuel economy than its conventional gasoline-powered sibling, the automaker said.
		Honda Motor Co. is also poised to start mass-producing a hybrid-engined version of its popular Accord sedan in December this year as a follow-up to its Civic hybrid car.
	www.gecfmediawatch.com /asia/HyundaiMotor.shtml (433 words)

	Scotsman.com Business - Latest News - Hyundai Motor chairman admits role in slush funds
		Chung Mong-koo (C), the chairman of South Korea's Hyundai Motor group, leaves a prosecutors office in Seoul, April 28, 2006.
		Hyundai Motor chairman admits role in slush funds
		SEOUL (Reuters) - The chairman of Hyundai Motor group
	business.scotsman.com /latest.cfm?id=863492006 (577 words)

	motoring.iafrica.com \| latest news Arrest of Hyundai boss wanted
		Kia Motors earlier postponed a groundbreaking ceremony for a $1.2-billion new US plant in West Point, Georgia while Hyundai Motor has put off a similar event in the Czech Republic.
		Prosecutors rejected pressure to go easy on Hyundai Motor because of its importance to the national economy, with Chae saying that the investigation would be conducted according to "principle and law".
		Last week, Hyundai Motor issued a public apology and the Chungs promised to donate to charity their 60-percent holding worth some one billion dollars in Glovis, a Hyundai unit at the centre of the scandal.
	motoring.iafrica.com /newsbriefs/273742.htm (822 words)

	FOCUS - SKorea's Hyundai Motor group faces management vacuum - Forbes.com (Site not responding. Last check: 2007-10-30)
		SEOUL (AFX) - The nation's largest carmaker Hyundai Motor and its group affiliates are facing a management vacuum that may hit its car sales around the world, because the group's chairman is subject to arrest over a graft scandal, dealers said.
		There are already signs of trouble, with Hyundai Motor's sales in the US during the first three weeks of April decreasing 9.1 pct year-on-year to 19,242, far short of its monthly sales target of 44,500 units.
		Today, Hyundai Motor closed down 2,600 won or 2.99 pct at 84,400 after falling as low as 83,700 while the KOSPI index closed up 1.31 points or 0.09 pct at record 1,452.53.
	www.forbes.com /home/feeds/afx/2006/04/27/afx2701787.html (1321 words)

	Asia Times - News and analysis from Korea; North and South
		SEOUL- Hyundai Motor Group retained its global ranking as the seventh highest car maker in terms of auto output and sales in 2003, the latest industry figures showed on Thursday.
		Hyundai Motor Group topped Nissan by 77,976 units in sales, while the output gap between Hyundai Motor Group and Honda stood at 117,520 units.
		Japanese industry experts had previously forecast Hyundai Motor and Kia would fall behind Honda and Nissan in the 2003 ranking, due to a protracted slump in the South Korean market.
	www.atimes.com /atimes/Korea/FE21Dg02.html (257 words)

	Steely Resolve Ward's Auto World - Find Articles (Site not responding. Last check: 2007-10-30)
		Hyundai Motor Group's steel-making ability is getting a boost under the guidance of Chairman Chung Mong-koo, who is on a personal quest to eliminate dependence on outside sources of steel.
		Following the Asian financial crisis of 1997, Chung's father, founder Chung Ju-yung, stepped down from the Hyundai Group and with the government-mandated breakup of his company ordered his two sons to relinquish their posts and let professional managers take over.
		Hyundai Motor Group issued a statement in May saying it now had a steel blast furnace construction plan.
	www.findarticles.com /p/articles/mi_m3165/is_41_9/ai_n15677188 (873 words)

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