Hyundai Motor Group promotes fewer executives after flagship's profit drop
Reuters
Published Feb 06, 2017 12:00AM ET
Updated Feb 06, 2017 12:10AM ET
Hyundai Motor Group promotes fewer executives after flagship's profit drop
SEOUL (Reuters) - Hyundai Motor Group said on Monday that as part of its annual reshuffle it has promoted 348 executives, down 5 percent from last year, after flagship unit Hyundai Motor (KS:005380) posted its fourth consecutive annual profit decline in 2016.
Hyundai Motor Group is South Korea's second-biggest conglomerate after Samsung (KS:005930) Group in terms of assets, with 51 subsidiaries, including Hyundai Motor, Kia Motors (KS:000270), Hyundai Mobis (KS:012330) and Hyundai Steel (KS:004020).
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Written By: Reuters
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