Hyundai splits into 5 groups

Shanghai Star. 2003-08-07

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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