Hyundai Motor Group Chairman Chung Mong Koo has been hospitalized for a health problem, but he is not in serious condition, group officials said Friday. They, however, declined to provide details on when and where Chung has been hospitalized. Rumors swirled later in the day that Chung's health is in serious condition and his death might be imminent. He has been out of public view since September 2018, when his son and Executive Vice Chairman Euisun started to work as the de facto chief of the group. Hyundai Motor Group is the world's fifth-largest automaker by sales and has Hyundai Motor Co. and Kia Motors Corp. under its wing.

Source: The Standard July 18, 2020 09:00 UTC