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THE fate of the Hyundai Group, once South Korea's biggest conglomerate, was thrown into the spotlight after Chung Mong-hun's death on Monday. Chung headed what was left of the parent Hyundai Group after it was split into five business entities after the 1997-98 financial crisis. The following are details about the five groups (as of April 1, 2003):
Hyundai Motor Group - top owner: Chung Mong-koo - combined assets: 44.06 trillion won ($37.24 billion)
Hyundai Heavy Industries Group - top owner: Chung Moong-joon - combined assets: 12.38 trillion won
Hyundai Group - top owner: Chung Mong-hun - combined assets: 10.16 trillion won
Hyundai Department Store Group - top owner: Chung Mong-keun - combined assets: 3.85 trillion won
Hyundai Development Group - top owner: Chung Se-yung - combined assets: 2.80 trillion won
SOURCE: Fair Trade Commission (Agencies via Xinhua) |
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