FAMILY OF LATE HYUNDAI CHAIRMAN LOCKED IN MANAGEMENT DISPUTE.

AsiaPulse News, November, 2003

SEOUL, Nov 7 Asia Pulse - Family members of the late Hyundai Group chairman Chung Mong-hun are plunging into a dispute over the control of the struggling conglomerate, industry sources said today.

The unusual family conflict was triggered by the inauguration of Hyun Jeong-eun, the wife of the late Chung, as the chairwoman of Hyundai Elevator Co. on Oct. 21, following her husband's suicide in early August.

The 48-year-old Hyun, who controls Hyundai Elevator (KSE:17800), the de facto holding company of the group, through her mother's 18.57-percent stake, said she would also assume the post of the group's chair.

But an uncle of the late Chung has raised an objection to Hyun's role as group chairwoman, allegedly out of fears that the Chung family would...