Hyundai Motor Group has established a “Business Planning Task Force Team (TFT)” that reports directly to Vice Chairman Jang Jae-hoon. The industry is expected to review the strategic direction of various businesses, with a focus on new businesses such as robots and artificial intelligence (AI) technology, which have been attracting attention recently.
According to the industry on the 20th, Hyundai Motor Group recently established a corporate planning TFT under Vice Chairman Jang, and appointed Jeong Sang-tae, vice president of Hyundai Motor Group’s Audit Office, as the head of the TFT Office. He graduated from Seoul National University with a degree in economics and earned a master’s degree in business administration from Massachusetts Institute of Technology (MIT). At Hyundai Motors and Kia Motors, he held the positions of Innovation Strategy Officer, Second Planning and Coordination Officer, and Second Business Planning Officer, and held key positions in the planning field within the group. It has been revealed that experts in strategic investments, mergers and acquisitions, and business portfolio adjustment from Hyundai Motors and Kia Motors have joined TFT. As a result, analysts say the creation of this organization will pave the way not only for Boston’s Imma Mix’s initial public offering (IPO) in the industry, but also for restoring its governance structure. The company is also expected to consider the possibility of additional M&A in new business fields such as robots.
(Reporter Ju Dong-hoon)
This article was translated by GripLabs Mingo AI.
#
Hyundai Motor Group’s Management Plan Boston Dynamics Hyundai Motor Group’s Artificial Intelligence Dynamics Direct Organizational Governance Corporate Value
