Hyundai Motor's Chung Ups Stake in Family Business

Newswire

* Chung Eui-sun buys $259 mln worth of Hyundai Motor shares * Firm says stake purchase is to protect shareholder interests (Updates with details of stake purchase, background) SEOUL, Nov 12 (Reuters) - South Korean car maker Hyundai Motor Co's Vice Chairman and heir apparent Chung Eui-sun has bought 300 billion won ($259 million) worth of the firm's shares and lifted his stake, as he prepares to eventually assume control of the Hyundai Motor Group. Hyundai Motor said in a ...

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