Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Hyundai Motor Co    005380   KR7005380001

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

South Korea's antitrust chief to urge change in talks with chaebol executives

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2017 | 06:53am CEST

South Korea's antitrust chief said on Monday that he will urge powerful family-run business empires including Samsung and Hyundai to "voluntarily" reform themselves when he meets executives in the wake of a bruising political bribery scandal.

Korea Fair Trade Commission Chairman Kim Sang-jo said he would begin a round of meetings with top executives from the so-called chaebols as soon as this week, amid calls for better corporate governance and greater transparency.

"I will pursue chaebol reforms through a positive campaign where companies voluntarily create exemplary cases," he told reporters after his appointment last week by President Moon Jae-in to oversee the anti-trust watchdog.

"I will urge them to change if they continue practices that go against the hopes of the government, the society and the market."

The government would take "appropriate action" if the conglomerates which dominate Asia's fourth-biggest economy continued business as usual, Kim added without elaborating.

Transactions among group affiliates - long claimed by critics to favour the owning families and disrupt fair competition - would be closely analysed and investigations could ensue if any wrongdoing was suspected, he said.

The former shareholder activist who campaigned against big businesses was considered an architect of chaebol reform pledges made by Moon during the election campaign last month.

Moon campaigned strongly for changes to the chaebols' corporate cultures following the corruption scandal which led to the ouster of his predecessor, Park Geun-hye, and the arrest of Samsung Group chief Jay Y. Lee.

The conglomerates helped make South Korea a corporate powerhouse but critics say they have abused their power to crowd out smaller businesses.

They also blame the chaebol's complex web of cross-shareholdings and opaque governance for devaluing their shares in comparison to their global peers.

(Reporting by Hyunjoo Jin; Editing by Stephen Coates)

By Hyunjoo Jin

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HYUNDAI MOTOR CO
06/24 HYUNDAI MOTOR : Chaebol urged to reform on their own
06/23 HYUNDAI HCN : expands SUV line-up with Kona
06/22 HYUNDAI MOTOR : Patent Application Titled "Double Clutch Assembly and Device for..
06/22 HYUNDAI MOTOR : Patent Issued for Apparatus for Testing Side Collisions with a V..
06/22 HYUNDAI MOTOR : Researchers Submit Patent Application, "Heat Pump System for Veh..
06/22 HYUNDAI MOTOR : Patent Application Titled "Device for Controlling a Motor" Publi..
06/22 HYUNDAI MOTOR : Patent Issued for Hybrid Transmission for Vehicle (USPTO 9677667..
06/22 HYUNDAI MOTOR : "Catalyzed Particulate Filter" in Patent Application Approval Pr..
06/22 HYUNDAI MOTOR : Patent Issued for System and Method for Providing Traffic Inform..
06/22 HYUNDAI MOTOR : Patent Issued for Separator and Fuel Cell with the Same (USPTO 9..
More news
Sector news : Auto & Truck Manufacturers - NEC
12:09a INTERNAL DOSSIER CRITICISES AUDI TOP : Bild
06/24 Volkswagen's Slovak union says close to wage deal to end strike
06/24DJFIAT CHRYSLER'S GREEN AUTOS HAVE A P : They're Not for Sale
06/24DJHarley Circles Around VW's Ducati -- WSJ
06/23 HONDA MOTOR : engineer debunks own claim about cause of Takata air bag failures
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
06/16 KIA MAY EUROPE CAR REGISTRATIONS : +5%
06/16 HYUNDAI MAY EUROPE CAR REGISTRATIONS : +8%
06/13 Hyundai unveils subcompact SUV
06/07 Top U.S. sales exec resigns from Hyundai
06/01 HYUNDAI MAY U.S. SALES : -15%
Advertisement
Financials ( KRW)
Sales 2017 97 909 B
EBIT 2017 5 700 B
Net income 2017 5 511 B
Debt 2017 36 879 B
Yield 2017 2,77%
P/E ratio 2017 7,72
P/E ratio 2018 6,93
EV / Sales 2017 0,82x
EV / Sales 2018 0,79x
Capitalization 43 665 145 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 182 250  KRW
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Mong-Koo Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
Gab-Han Yoon Co-President, Co-CEO & Director
Byeong-Cheol Choi Chief Financial Officer
Woong-Cheol Yang Vice Chairman-Executive Board, Head-R & D
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HYUNDAI MOTOR CO38 513
TOYOTA MOTOR CORP-14.79%171 765
DAIMLER-7.61%78 173
VOLKSWAGEN0.23%76 046
BAYERISCHE MOTOREN WER..-5.80%60 764
GENERAL MOTORS CORPORA..-1.87%51 612
More Results