Kia Motors Corp. appoints former co-CEO Kim Ik-hwan to the newly created position of vice chairman. The controversial move means Kim, 57, reports directly to Hyundai Automotive Group Chairman Chung Mong-koo and outranks Chung Eui-sun and Cho Nam-hong, who share the role of president and CEO at Kia. Chung Eui-sun, the son of Chung Mong-koo, is responsible for Kia’s overseas operations, while Cho heads up the auto maker’s domestic operations. “This is a move to enhance the performance ...

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