Business Week Names Hyundai Chairman Chung Mong-Koo Among Best Managers of 2004
(Seoul, Korea) The editors of Business Week picked Hyundai Motor Co. Chairman Chung Mong-Koo among the best managers of 2004. In the Jan. 10, 2005 edition of America’s leading business magazine, Chairman Chung was cited for his success in delivering world-class quality since taking over the helm in 1999.
In J.D. Power & Associates' 2004 survey of initial quality -- which counts complaints in the first 90 days of ownership – Hyundai Motor had virtually caught up with industry leaders from Japan. And Hyundai's Sonata was the top-ranked car in the "entry midsize" category.
Business Week also credited Chairman Chung for the company’s solid financial performance and successful expansion of operations in China and India.
Established in 1967, Hyundai Motor Co. has grown into the Hyundai Automotive Group which includes Kia Motors Corp. and over two dozen auto-related subsidiaries and affiliates. Employing nearly 50,000 people worldwide, Hyundai Motor posted 17.77 billion Euro in sales in 2003. Hyundai motor vehicles are sold in 190 countries through 4,504 dealerships and show rooms. Further information about Hyundai Motor Co. and its products is available on the Internet at http://www.hyundai-motor.com/. | 
