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South Korea: Hyundai Motor bids for construction firm

Both Hyundai Motor and its former parent Hyundai Group have submitted rival bids for a 34.88% stake in Hyundai Engineering and Construction, reports JoongAng Daily. The Hyundai conglomerate separated Hyundai Motor and several other businesses following the death of founder Chung Ju-Yung. The construction company was taken over by creditors in Subscribe to Automotive World … Continued

Both Hyundai Motor and its former parent Hyundai Group have submitted rival bids for a 34.88% stake in Hyundai Engineering and Construction, reports JoongAng Daily. The Hyundai conglomerate separated Hyundai Motor and several other businesses following the death of founder Chung Ju-Yung.

The construction company was taken over by creditors in

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