By: Economic & Finance Report
Hyundai the global automaker will be selling off its logistical unit. The company is sellig a stake actually of about 13%, from their logical unit. The company is selling the unit because of a new law that was established in South Korea last year (2014), about controlling families and the company boards having conflict of interest in running day to day operations and regulating company governance.
The family and the company executive body, maybe using the sale as a maneuvering role by the Hyundai family to attain a larger controlling interest in their Hyundai Mobis franchise.
It is also speculated that the Hyundai family is building a 571 meter tower in South Korea which would then make it the tallest building structure in South Korea…
-SB