The second and third generations of Hyundai continued to step into the vacancy of KCC Honorary Chairman Sang-young Sang-young, who died on the 30th of last month. Asan Foundation Chairman Chung Mong-Joon and HDC Group Chairman Chung Mong-gyu kept the funeral hall throughout the funeral.[011760] Representatives, Jeong Ji-sun, chairman of Hyundai Department Store Group, and others visited the burial from the first day of the funeral.
However, Hyun Jung-eun, chairman of Hyundai Group, who was the focus of attention, did not appear. It was reported that KCC did not contact Hyundai Group, and there was no harmony of Hyundai Group at the funeral hall.
It is interpreted that the current chairman has yet to express his regret for the deceased, who is a brother-in-law.
2003 Honorary Chairman Sang-young Sang and Chairman Jeong-eun Hyun Chung Ju-young, the youngest younger brother of the founder of Hyundai Group, replaced his nephew Chung Mong-hun in 2003, and the current chairman is the holding company of Hyundai Elevator.[017800] When he took office as chairman, he started to acquire Hyundai Group.
Hyundai Elevator’s shares were secretly acquired through private equity and mutual funds, and in November 2013, it officially announced the acquisition of Hyundai Group.
In response to this, the current chairman tried hard to protect management rights, such as attempting a public offering of 10 million national stocks.
In February 2004, the so-called’Sister-in-law’s Difficulty’ went back to vain when the Securities and Futures Committee under the Financial Supervisory Commission ordered KCC to dispose of all shares of Hyundai Elevator held by private equity and mutual funds, claiming that KCC violated its obligation to hold a large amount of stocks and report changes. .
The current chairman defended the management rights, but in this process, he was very sorry for the brother-in-law.
KCC Honorary Chairman Sang-young Sang-young (left) and Hyundai Group Chairman Hyun Jeong-eun (right)Since then, the two are known to have maintained a gritty relationship, such as although they often encountered each other at Hyundai-ga events.
In the midst of this, attention was focused on whether Honorary Chairman Chung’s death would serve as an opportunity to resolve his old feelings, but he was in vain.
Within the Hyundai Group, when the dispute over management rights 17 years ago was re-lighted, it is said that the current chairman must have felt the burden of visiting the slums.
Some view that the current chairman will choose a different method, such as a visit to a graveyard, rather than a visit to a small place that is attracting the attention of the media, considering that Hyundai has taken care of all the major events.
A business official said, “I know that the current chairman maintained a smoother relationship than expected, such as participating in the wedding of the children of his brother-in-law, Chung Mong-joon, who had another management dispute over Hyundai Merchant Marine.”
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