Hyundai Chairman Is Outset Korean Inducted Into Automotive Hall Of Fame

Hyundai Motor Group Chairman Mong-Koo Chung volition live inducted into the Automotive Hall of Fame, the industry’s highest honor.

The official ceremony which volition live held on July 23 sees Chung equally the showtime Korean inducted into the Automotive Hall of Fame which was established inwards 1939, together with has honored nearly 800 concern leaders from closed to the world.

The Hall of Fame Induction is recognized equally the nearly prestigious together with honorable accolade inwards the industry. Past inductees convey included: Ford Motor Company founder Henry Ford, American inventor Thomas Edison, founder of Mercedes-Benz Karl Benz, founder of Honda Motor Company Soichiro Honda, together with Toyota Motor Corporation founder Kiichiro Toyoda.

Previously, the Automotive Hall of Fame honored Chung amongst its Distinguished Service Citation Award inwards 2001.

According to the Automotive Hall of Fame, Chairman Chung has been credited amongst the success of Hyundai Motor Group. Chung’s legacy is on par amongst other legends of the manufacture who convey launched together with guided automotive firms to global increment together with renown. Through Chung’s leadership, Hyundai Motor became Korea's largest automaker together with Hyundai Motor Group became the world’s fifth-largest automotive group. Chung is noted for many remarkable accomplishments, including:

• Acquiring Kia Motors Corporation for Hyundai Motor Group
• Spearheading the group’s increment amongst novel plants inwards cardinal regions, including United States, Europe, China, India, Brazil together with Russia
• Creating a highly efficient vertically integrated concern construction that produces everything from steel to vehicles.

As 1 of the locomote on concern leaders inwards Korea, Chung has been a steadfast champion for evolution of the nation’s automobile manufacture together with economy. Amid collapse of Korean automotive manufacture during the 1990s Asian fiscal crisis, Chung successfully revived Kia Motors together with fostered it equally a global automotive brand.

Under Chung’s leadership, Hyundai Motor Group speedily expanded to compete head-to-head amongst the world’s leading automakers. As a result, Chung’s efforts affected lasting alter inwards the global automotive landscape together with the Korean economy.

In pursuit of global competitiveness, Chung placed peachy emphasis on character management. He established a criterion flora construction arrangement that tin hand notice live speedily implemented anywhere to assistance assure consistent high-quality production evident inwards the many character awards earned past times Hyundai together with Kia vehicles closed to the world. Chung has besides established 1 of the world’s largest question together with evolution centers to advance the company’s competitiveness.

Chung besides helped grow the cloth manufacture past times constructing integrated steel manufacturing flora operations, creating highly efficient vertically integrated concern construction which produces everything from steel to vehicles. The integrated steel manufacturing flora allowed for synergy maximization inside the grouping together with environmentally sustainable manufacturing past times establishing the world’s showtime resource-circulation concern structure.