Hyundai Group chief's son to step down as Kia CEO

Newswire

SEOUL, March 20 (Reuters) - Chung Eui-sun, one of the co-CEOs of South Korea's Kia Motors Corp , will step down from the post, company officials said on Thursday. Kia, an affiliate of Hyundai Motor Co , has three chief executives: Chung Mong-koo, who is also Hyundai Motor Group Chairman, and his son Chung Eui-sun, and Cho Nam-hong. Kim Ik-hwan, who was named vice chairman of Kia last year, will replace Chung as co-CEO. "When Kim was appointed last year, he was set to replace Chung ...

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