Euisun Chung elevated to Chairman of Hyundai Motor Group by board members

Euisun Chung, Chairman of Hyundai Motor Group.

Hyundai Motor Group has announced that Euisun Chung, Executive Vice Chairman, has been elevated to the position of Chairman of the Group. Chairman Mong-Koo Chung was moved to the position of Honorary Chairman. Hyundai Motor Company, Kia Motors Corporation and Hyundai Mobis Co each held extraordinary board meetings to discuss the appointment. All members of the boards unanimously endorsed the appointment of Euisun Chung as the new Chairman of the Group.

Hyundai Motor Group will open a new chapter in its history under Euisun Chung’s leadership. Embracing the vision Together for a Better Future, the Group will develop and acquire key technologies and capabilities to overcome market uncertainties, including Covid-19. In his inauguration remarks, Euisun Chung presented the future direction of the Group as one focused on customers, humanity, future, and social contribution.

Over the years, Chung has stressed the customer-centric approach and customer satisfaction, and applied the concept more broadly to all of humanity. The Group will offer mobility solutions tailored to customer lifestyles and continue to grow its market leadership in various fields, including autonomous driving, electrification, hydrogen fuel cell, robotics and Urban Air Mobility.

“All of our goals and efforts must be customer-centric. The first step to customer happiness is to enable them to focus on their own lives through perfect quality of our products and services,” said the newly appointed Chairman Chung.