The chairman of the Hyundai Corporation leapt to his death in Seoul on Monday, but Hyundai Automotive SA managing director Alan Ross says the incident will not affect local operations.
The chairman of the Hyundai Corporation leapt to his death in Seoul on Monday, but Hyundai SA managing director Alan Ross says the will not affect local operations.
Chung Mong-Hun fell from the 12th floor of Hyundai’s headquarters in central Seoul, after leaving several suicide notes. His death came amid a probe into the secret transfer of millions of dollars by the South Korean government to North Korea.
“Hyundai Corporation’s functions mainly include the manufacturing of elevators and the operation of Hyundai courier services and they are independent from Hyundai Motor Company,” Ross said on Monday evening.
“Hyundai Motor Company and Hyundai Automotive SA as a distributor will remain unaffected by this event,” he added.
Chung Mong-Hun, the 54-year-old son of Hyundai Group founder Chung Ju-Yung, was on trial for his alleged role in a scandal involving former South Korean president Kim Dae-Jung’s government, which is accused of sending millions of dollars to North Korea to secure a landmark inter-Korean summit.
Meanwhile, Ross commented that Hyundai Automotive SA had reached record sales during the month of July. “The success of the Getz in South Africa has been no surprise, and we are excited about the rest of the years’ sales,” he added.
