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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Kia Motors Corporation    A000270   KR7000270009

KIA MOTORS CORPORATION

(A000270)
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Hyundai Motor's heir apparent to be made chairman - Yonhap

10/13/2020 | 08:23am EST
FILE PHOTO: Euisun Chung of Hyundai attends the 2017 New York International Auto Show in New York

SEOUL (Reuters) - Hyundai Motor Group's executive vice chairman Euisun Chung is set to be made chairman of the South Korean carmaker as soon as on Wednesday, Yonhap news agency reported, as he formally takes over the reins from his octogenarian father.

Hyundai Motor plans to hold a board meeting possibly on Wednesday to promote Chung to chairman of South Korea's second-largest conglomerate, Yonhap reported on Tuesday, citing unnamed corporate sources.

Hyundai declined to comment.

Chung, born in 1970, has led Hyundai Motor Group's recent push in electric vehicles (EVs), mobility and hydrogen cars. In July, he announced that Hyundai and sister company Kia Motors aimed to sell 1 million electric vehicles (EVs) in 2025, jointly targeting a more than 10% share of the global market for EVs.

Chung's father and group patriarch Mong-Koo Chung gave up his board seat in Hyundai Motor earlier this year after stepping back from frontline operations in recent years, and Euisun Chung has played an increasingly visible leadership role since 2018.

Hyundai and Kia are together the world's fifth-largest carmaker, although they will fall to sixth place when Fiat Chrysler (FCA) and PSA complete their merger next year under the name of Stellantis.

(Reporting by Joyce Lee and Heekyong Yang; Editing by Susan Fenton)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES N.V. 1.24% 13.228 Delayed Quote.0.26%
HYUNDAI CORPORATION -1.98% 14850 End-of-day quote.-17.04%
HYUNDAI MOBIS CO.,LTD -1.81% 244000 End-of-day quote.-4.69%
HYUNDAI MOTOR COMPANY 0.28% 181500 End-of-day quote.50.62%
KIA MOTORS CORPORATION -1.53% 57800 End-of-day quote.30.47%
PEUGEOT SA 1.90% 20.14 Real-time Quote.-5.45%
All news about KIA MOTORS CORPORATION
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11/27Hyundai, Kia Agree to U.S. Consent Orders Over Recalls
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11/25KIA MOTORS : Workers on Partial Strike in South Korea
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11/20These 11 EV Startups Are Chasing Tesla. They -2-
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11/20These 11 EV Startups Are Chasing Tesla. They -2-
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11/19KIA MOTORS : Workers Plan Partial Strike, Reuters Reports
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11/19Kia Motors workers in South Korea to stage partial strike over wages, EV plan..
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11/09Chip maker NVIDIA signs in-car entertainment system deal with Hyundai Motor
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More news
Financials
Sales 2020 59 416 B 53,9 B 53,9 B
Net income 2020 1 398 B 1,27 B 1,27 B
Net cash 2020 1 307 B 1,19 B 1,19 B
P/E ratio 2020 16,9x
Yield 2020 1,78%
Capitalization 23 976 B 21 641 M 21 770 M
EV / Sales 2020 403x
EV / Sales 2021 363x
Nbr of Employees -
Free-Float 60,4%
Chart KIA MOTORS CORPORATION
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Kia Motors Corporation Technical Analysis Chart | A000270 | KR7000270009 | MarketScreener
Technical analysis trends KIA MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 68 928,57 KRW
Last Close Price 59 800,00 KRW
Spread / Highest target 42,1%
Spread / Average Target 15,3%
Spread / Lowest Target -36,5%
EPS Revisions
Managers
NameTitle
Ho-Sung Song President, Co-Chief Executive Officer & Director
Jun-Young Choi Co-Chief Executive Officer, Director & VP
Woo-Jung Joo Director, Senior Managing Director & Head-Finance
Eui-Sun Chung Senior Vice Chairman
Sang-Koo Nam Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
KIA MOTORS CORPORATION30.47%21 641
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