Business
Hyundai Motor heir apparent jacks up stake in auto giant
Sept. 24, 2015
Hyundai Motor Co. Vice Chairman Chung Eui-sun has purchased around 3.16 million shares in the auto giant for nearly 500 billion won ($419.3 million) on Thursday, industry and company sources said. Chung, the son of Hyundai Motor Group Chairman Chung Mong-koo, bought a total of 3,164,550 shares owned by shipbuilder Hyundai Heavy Industries Co. during after-hour trading, according to the sources. He bought the shares for 158,000 won apiece, without a discount off the automaker's closing price on T