SEOUL: Hyundai Elevator Co has scored an overwhelming victory over major shareholder Kumgang Korea Chemical Co (KCC) over management control of the de facto holding firm of Hyundai Group after chairwoman Hyun Jung-Eun received enough votes at the shareholders' meeting to secure a board seat.
Hyun's triumph puts an end to the family feud at the company, once considered the country's largest conglomerate.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!