World News

Hyundai Motor heir apparent buys $15 million shares in automaker, parts affiliate

SEOUL (Reuters) – Hyundai Motor Group’s heir apparent Euisun Chung bought shares in automaker Hyundai Motor <005380.KS> and parts affiliate Hyundai Mobis <012330.KS> for a combined 19 billion won ($15 million), according to stock exchange filings.

Chung bought 139,000 shares in Hyundai Motor for 68,435 won each, raising his stake to 1.86% from 1.81%.

He acquired 72,552 Hyundai Mobis shares for 130,789 won each, picking up a 0.08% stake.

(This story was corrected to $15 million, not $15 billion, in headline)

(Reporting by Hyunjoo Jin)