Hyundai Determined to Separate Management From Ownership.

From: Korea Times (Seoul, Korea) | Date: October 25, 1999 | Copyright information

Question: Recently, it seems that Hyundai is bent on continuous expansion. Isn't this contrary to the purpose of structural adjustment and the concentration of core resources?

Answer: Under the principle of ``Selection & Concentration" for the beefing-up of factorial competitiveness, the purpose and strategy of Hyundai's corporate restructuring program, Hyundai has taken over Kia Motors and LG Semicon, which has made its automobile and electronics sectors more competitive in international markets.

Hyundai took over Kia Motors through an international open bidding and LG ...

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