[Infostock Daily=Reporter Lee Ji-sun] Hyundai Motor requested the Fair Trade Commission to change the head of the company, who holds controlling power of the company, from Chung Mong-koo, honorary chairman of Hyundai Motor Group, to Chung Eui-sun.
Per the FTC and the industry on March 1st, Hyundai Motor recently submitted an application for change of the control person to the Fair Trade Commission.
If the FTC accepts Hyundai Motor's request, the head of Hyundai Motor Group iwill be changeed in 21 years.
The control person is an individual with controlling power of the company and is responsible for all actions under the FTC regulations scrutinizing top 30 Korean companies.
Reporter Lee Ji-sun email@example.com