The shareholders of Kia Motors Corp. have agreed, this Friday, to appoint the executive vice-president of the Hyundai Motor Group, Chung Eui-sun, as the director of the group's main subsidiary.
The heir to the car group has served as a part-time director of the Kia board of directors, while Kia president and CEO Park Han-woo and Kia executive vice president Choi Jun-young have served as directors. full time.
Park and Choi were reappointed to Kia directors at a shareholders meeting held on Friday at the automaker's headquarters in southern Seoul.
Chung, the only son of the president of the car group, Chung Mong-koo, is expected to take the reins of the country's second largest automaker in terms of sales, after Hyundai Motor Co.
Meanwhile, the shareholders of Hyundai Motor and Hyundai Mobis Co. plan to cast their votes on whether they will re-elect Chung as director of the boards of their firms at a shareholders' meeting scheduled for March 22.
