Buy custom Hyundai Motor Group chairman Chung Mong-koo was suspended
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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3523 |
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The government seems too afraid to this family business that it does not have control, and more on afraid of having economy problem given the fact that Hyundai accounts for 5.4 percent of gross domestic product, on which it also controls of 70% of country auto markets.
Though, looking at issue number one which more on giving a chance to slowly working on this management changing issue, actually the government may gamble with less risk by asking Chung Mong-koo's son, Chung Eui-sun, which is president of Kia Motors Corp, Hyundai's affiliate, 6) to handle his father role while his father in jail...
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This action actually if taken will put the authorities in a better position especially in the eyes of the public, the opponents, and international. In parallel will contribute to the long term economy strategy especially helping this local conglomerate surviving its management issue. While by appointing somebody that close to the family that own and run the business, the government may also reducing the risk in having significant decrease on the economy...
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General points of the essay
Hyundai Motor Group chairman Chung Mong-koo was suspended
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Hyundai Marketing Strategy
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Why Are American Afraid Of Dragons?
"It does no good to be afraid"-Roberston Davies
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