Hyundai announces Euisun Chung will replace father as chairman

The Hyundai Motor Group has announced Euisun Chung will take over from his father as chairman of the board. In remarks delivered following his promotion, Mr Chung said the future direction of the brand would be focused on 'customers,' 'humanity,' and 'social contribution.' The 49-year-old – who is the grandson of company founder – studied at the University of San Francisco between 1993 and 1997.