BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > AUTOMOTIVE > article

Hyundai conducts intra-group opinion survey to change corporate culture

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : September 17, 2018, 17:35 | Updated : September 17, 2018, 17:35
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Hyundai]


SEOUL -- In a bid to change its corporate culture, South Korea's leading Hyundai auto group is conducting a group-wide survey to collect the opinions of employees, especially when Chung Mong-koo is accelerating the transfer of leadership to his only son.

Hyundai officials said a two-week e-mail survey of 96,000 employees at 30 group units began on May 5. It is not to simply collect the opinions of employees but to seek a sweeping change in the group's deep-rooted corporate culture.

"The group has a deep-rooted culture of command and discipline for quick decision making. However, a drastic change in the industrial structure is causing a great sense of crisis that such a corporate culture hinders innovation," a Hyundai official said on condition of anonymity.

The official said that the survey sparked "high expectations on substantial changes" among Hyundai employees as Chung Eui-sun, the 49-year-old son and heir apparent of Chung Mong-koo, 80, spearheaded a campaign to promote "open innovation" and eliminate a conservative group culture.

Eui-sun grabbed media attention in June last year when he wore cotton t-shirts, jeans, and sneakers for his public appearance at the launch of Hyundai's subcompact sport utility vehicle, Kona.

This year, the group has sought to streamline its complicated governance structure and enhance transparency in its management. Last week, Eui-sun was made executive vice chairman to expand his control over the entire group.

Hyundai and some other conglomerates are undergoing a generational change. Of the third and fourth-generation members of conglomerate owners, Eui-sun has been cited by market watchers as a promising next leader who can properly manage the auto group after his father retired.

Eui-sun received a bachelor's degree in business management administration from Korea University in 1993 and a master of business administration from the University of San Francisco School of Business in 1997. He has gradually raised his stake in group affiliates for a smooth succession, growing in experience and wisdom while serving as president of Hyundai Motor's sister firm, Kia Motors, from 2005 to 2008.

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Hyundai Motor unveils $51.3 bln investment to transform business structure by 2025.
    Hyundai Motor unveils $51.3 bln investment to transform busi…
  • .Hyundai auto group partners with Aptiv to form autonomous driving joint venture  .
    Hyundai auto group partners with Aptiv to form autonomous dr…
  • .Hyundai Motor head urges structural change to become key producer in personal air vehicles.
    Hyundai Motor head urges structural change to become key pro…
  • .President Moon presents new goal to become worlds first in commercializing autonomous driving.
    President Moon presents new goal to become world's first in …
  • .[FOCUS] Chung Mong-koo recognized as Hyundai chairman despite health concerns.
    [FOCUS] Chung Mong-koo recognized as Hyundai chairman despit…

Real Time Photo News

  • .[FOCUS] Transparency in compiling music charts becomes hot topic in music community.

    [FOCUS] Transparency in compiling music charts becomes hot topic in music community

  • .Actor Park Seo-joons expresses sadness over hacked YouTube channel.

    Actor Park Seo-joon's expresses sadness over hacked YouTube channel

  • .Big Hit refutes JTBCs news report about BTS seeking legal help over profit distribution.

    Big Hit refutes JTBC's news report about BTS seeking legal help over profit distribution

  • .​[PHOTO] President Moon meets rock band U2s Bono.

    ​[PHOTO] President Moon meets rock band U2's Bono

  • .​JYP Entertainment to take necessary actions to protect TWICE members against stalker.

    ​JYP Entertainment to take necessary actions to protect TWICE members against stalker

Latest News

more+

  • [FOCUS] Transparency in compiling music charts becomes hot topic in music community
  • Actor Park Seo-joon's expresses sadness over hacked YouTube channel
  • State research institute develops lightning-speed long-distance data transfer technology
  • Samsung shipyard verifies 5G-based autonomous driving platform for ships
  • Big Hit refutes JTBC's news report about BTS seeking legal help over profit distribution
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view