The Hyundai Motor Group has announced that Executive Vice Chairman Euisun Chung, has been inaugurated to the position of Chairman of the Group. The current Chairman, Mr. Mong-Koo Chung, was inaugurated to the position of Honorary Chairman.

Hyundai Motor Company, Kia Motors Corporation and Hyundai Mobis Co. each held extraordinary board meetings today to discuss the inauguration. All members of the boards unanimously endorsed the inauguration 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.