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    A126560   KR7126560002

HYUNDAI FUTURENET CO., LTD

(A126560)
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Hyundai Futurenet : Chairman Euisun Chung Honoured at the 2021 Autocar Awards

06/08/2021 | 12:30pm EDT

Highlights:

* Autocar's highest accolade and most prestigious and personal award is presented annually to the individual who has made the greatest contribution to the success of their company

* Chairman Chung hailed by Autocar for transforming Hyundai Motor Group into one of the world's greatest car makers, and being a leader in the fields of electrification and hydrogen

* Advancement of hydrogen fuel cell technology and the launch of Genesis premium luxury brands established under Chairman's leadership

Hyundai Motor Group Chairman Euisun Chung has today been honoured with the Issigonis Trophy at the 2021 Autocar Awards ceremony.

Named in honour of legendary car designer Sir Alec Issigonis, the Trophy is Autocar's highest accolade. Each year it is presented to a stand-out individual within the global automotive industry, whom Autocar judges deem to have delivered an exceptional level of success.

In recognizing the visionary leadership of Chairman Chung on the presentation of the Issigonis Award, Autocar Autocar editor-in-chief Steve Cropley said:

In the last decade the Hyundai Motor Group has grown into one of the world's leading car firms, and chairman Euisun Chung has been key to that transformation. We're proud to award him this year's Issigonis Trophy to recognise his achievements. The transformation made by the company is unmatched in the industry in recent years. While Hyundai and Kia were considered unexciting budget brands with limited market share just a decade ago, under Euisun Chung's leadership they have made incredible progress, winning market share and customers with cars that are the match of any mainstream rival. The Hyundai Motor Group has expanded into performance cars with Hyundai's N division and the premium market with the new Genesis brand, and become a true industry leader in both electric and hydrogen-powered cars. It is no longer trying to catch up to rivals: now other car firms are chasing it.

On receiving the Issigonis Trophy, Chairman Chung commented:

It's a true honour to receive this prestigious award today from Autocar and I must thank all my colleagues for their contribution in securing this accolade. Despite the dramatic upheaval of the global auto industry and challenges of the COVID-19 pandemic, Hyundai Motor Group is spearheading a paradigm shift and what lies at the heart of our efforts is our single-minded focus on serving and empowering our customers. Through a considered approach, we will create more opportunities and oil the wheels of 'progress for humanity'.

Recent significant advances by the Hyundai Motor Group made under the Chairman's tenure include the introduction of highly advanced electric vehicles: the Hyundai IONIQ 5 and Kia EV6. Both use the Group's new, dedicated EV platform, the Electric Global Modular Platform (E-GMP). In addition to the high-performance N brand of Hyundai Motor Company, the Group has also launched HTWO dedicated fuel cell brand, and the Genesis premium luxury brand.

Chairman Chung has led the transformation of the Group's global perception by introducing revered design chiefs from within the industry, including Peter Schreyer and Luc Donckerwolke. Under Chairman Chung's leadership, the Group has developed a design-led focus with products that appeal to the European consumer. Formal recognition of this successful strategy is evident in numerous design awards presented to Hyundai and Kia over recent years.

Chairman Chung held the position of President of Kia from 2005 to 2009 before becoming Vice Chairman and then Chairman of the Hyundai Motor Group, with responsibility for diverse affiliate companies in the automotive, steel and construction industries, including Hyundai Motor Company and Kia Corporation. His leadership has been recognized with numerous industry accolades, including 'Top 200 next generation leaders' by World Economic Forum and 'Most Influential Korean Leaders: Global Business' by Fortune Korea.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI FUTURENET CO., LTD 1.81% 4495 End-of-day quote.16.60%
HYUNDAI MOTOR COMPANY 0.67% 225000 End-of-day quote.17.19%
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Financials
Sales 2020 308 B 269 M 269 M
Net income 2020 -29 446 M -25,7 M -25,7 M
Net cash 2020 264 B 230 M 230 M
P/E ratio 2020 -14,4x
Yield 2020 2,08%
Capitalization 495 B 433 M 432 M
EV / Sales 2019 0,07x
EV / Sales 2020 0,52x
Nbr of Employees 73
Free-Float 31,4%
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