Hyundai Motor Group Shuffles 12 Management Posts

SEOUL January 3, 2003; Dow Jones reported that South Korea's Hyundai Motor Group Friday shuffled 12 executive positions - including the heir apparent of the group who was given a senior position at the flagship Hyundai Motor Co. , the automaker said in a statement.

Hyundai Motor's Vice President Chung Soon-won was promoted to president in charge of planning and general affairs of Hyundai Motor and Kia Motors Corp. .

The group also promoted Chung Oue-sun, the 33-year-old son of Chairman Chung Mong-koo, from executive director of Hyundai Motor to vice president.

Meanwhile, Vice President Lee Yong-do of Hyundai Motor was transferred to head up INI Steel Co. .

Hyundai Motor is South Korea's largest car-maker while its affiliate Kia Motors is the second largest.