"Since taking charge in October, Chairman Euisun Chung has sought to improve profitability at Hyundai, adding more sport-utility vehicles to the global lineup and plowing money into the carmaker's electric-vehicle ambitions. "
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"Hyundai Motor Group Chairman Euisun Chung has made a number of bold moves since he took the company's reins late last year. "
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"South Korea's second-biggest conglomerate aims to have all of its new commercial vehicles, such as buses and heavy-duty trucks, run on either batteries or fuel cells by 2028, becoming the world's first automaker to do so, Group Chairman Euisun Chung said Tuesday at the company's first day to showcase its hydrogen technology to investors. "
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"Hyundai Motor Group Chairman Euisun Chung -- central to the company's transformation from conventional carmaker to mobility giant promoting flying cars and hydrogen-fuel cells -- had his first, very public, stumble this week."
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"That boosted the combined fortune of Hyundai Motor Group Chairman Euisun Chung and his father, Mong-Koo, by some $2 billion, according to the Bloomberg Billionaires Index."
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"With Friday's stock surge, Euisun Chung is now worth $5 billion and his father's wealth has jumped to $7.4 billion. "
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"Regardless, the stock surge boosted the combined fortune of Hyundai Motor Group Chairman Euisun Chung and his father, Mong-Koo, by almost $2 billion, according to the Bloomberg Billionaires Index."
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"With Friday's jump in Hyundai Motor shares, Euisun Chung is now worth $4.8 billion and his father's wealth has climbed to $7.4 billion. "
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"Hyundai will "instill human-centered values" in all stages of a car's life, from ordering and production to the test drive and service, executive vice chairman of the South Korean conglomerate Euisun Chung said at the event. "
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