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Hyundai Motor Group, the second largest business group, changed its head in 20 years and appoints the new chairman Eui-sun Eui.

Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, LG Group Chairman Koo Kwang-mo, and Eui Sun Eui-seon, all of the four major groups, the '3rd generation management system' in their early 40s to late 50s has been in full swing.

Amid the wind of generational change, the young heads' management skills were put to the test.



Reporter Kim Hye-min.



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New Chairman Eui-sun Eui-sun declared a transformation from a traditional internal combustion engine to securing future mobility competitiveness.



With digital technologies such as eco-friendly electricity, rapid movement to hydrogen cars, autonomous driving using artificial intelligence, and robots, automobiles are now evolving into the IT industry.



[Eui-sun Jeong/Chairman of Hyundai Motor Group: We will develop the most innovative and reliable autonomous driving technology in the world to realize a new mobility experience for our customers.]



Recovery of poor performance due to the corona and the safety controversy caused by a fire in the nose of an electric car are tasks to be resolved. .



With the appointment of Chairman Chung, the heads of four major groups, including Samsung, SK, and LG, were all changed generations from young leaders in their early 40s to late 50s.



The third and fourth generations, including Hanwha President Kim Dong-gwan, Shinsegae Vice Chairman Jeong Yong-jin, Hanjin Chairman Cho Won-tae, Hyosung Chairman Cho Hyun-joon, are taking the lead.



In the mid- to long-term perspective, bold investments and quick decision-making are mentioned as the advantages of owner management, and there are many voices concerned about the harm of hereditary management.



This is because controversy over irrational governance structures such as circular investments, deprivation of work for management right, and private interests continue.



[Myung-Hyun Cho/Professor of Business Administration, Korea University: Independent board of directors or institutional investors must faithfully supervise to prevent major shareholders from pursuing their own interests or from inheriting management rights by the incompetent third generation...

.] We



are interested in whether young business leaders will be able to overcome the negative aspects of the chaebol and prove their management skills in a situation where uncertainty has increased due to the coronavirus.



(Video editing: Kim Jong-tae)