Hyundai Motor Makes Inroads into Securities Industry

Hyundai Motor said Jan. 14th that it struck a MOU with Shinheung Securities for the buyout of 29.76 per cent, or 3,455,089 shares on 11th . The company had previously revealed its ambition to take over a securities firm to make synergy effects with card, capital, and savings companies it owned, and to grow the financial company into an investment bank.