[Photo] Elliott Management calls for restructuring Hyundai Motor Group : Business : Home

[Photo] Elliott Management calls for restructuring Hyundai Motor Group

US hedge fund Elliott Management once again called on Hyundai Motor Group to restructure its operations, it was revealed on Sept. 7. In a letter sent to Hyundai’s executive board last month, Elliott Management proposed that Hyundai Mobis's after-sale business merge with Hyundai Motor, while the remainder of Hyundai Mobis merge with Hyundai Glovis, the Hyundai conglomerate’s logistics arm. Hyundai Motor, however, refused the proposal on the grounds of “legal restrictions.” The photo shows Hyundai Motor Group headquarters in Seoul. (Hankyoreh archives)

© 2012 The Hankyoreh Media Company. All rights reserved.
No part of this material may be reproduced, stored in a retrieval system, or transmitted
in any form or by any means, electronic, mechanical, mimeographical, in recorded form or
otherwise for commercial use, without the permission of the Hankyoreh Media Company.

all

national

northkorea

international

eco/business

culture/sports

editorial/opinion

[Photo] Elliott Management calls for restructuring Hyundai Motor Group