This is what Hyundai Corporation Group Chairman Chung Mong-hyuk says time and again when he meets with employees. He is a self-proclaimed and widely-acknowledged “health evangelist” in the business world. He has stressed the importance of employee health management, saying,
Every year when the weather gets hot and humid, a dessert becomes the talk of the town: mango bingsu, or shaved ice with mango. Every summer, attention is drawn to price hikes in hotels and other dessert houses.
The Hyundai Corporation Group (chairman: Chung Mong-hyuck) announced on March 19, that, together with Bereum, a Korean postbiotics producer, it has signed a contract with NURA, a US food ingredient distributor, to export postbiotics to the US. The three-year deal is valued at USD 10 million (KRW 13 billion) in terms of minimum order quantity (MOQ).
This year, Hyundai Corporation plans to expand its business size via M&As. Last year, it posted an operating income of about KRW 100 billion, the largest figure since it was spun off from the HD Hyundai Group in 2016. A series of strong performances enabled HC to secure a wealth of cash and make bold business decisions. If an M&A deal is signed, the deal will become HC’s first M&A.
Korean credit rating agencies have improved their ratings for Hyundai Corporation. Given its stable business profitability and favorable financial stability, the outlook for next year is also assessed as stable.