Government officials worry that the elder Chung's stock in Hyundai Motor has fallen into the hands of “friendly forces.” SEOUL — Hyundai Group, Korea's No.1 conglomerate, has officially applied to Korea's Fair Trade Commission (FTC) for permission to spin off Hyundai Motor Co. Ltd., hoping to smooth the way for the carmaking subsidiary's pending alliance and joint venture with DaimlerChrysler AG. The application is by no means assured of acceptance, insiders say, and has started a new ...
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