• Bloomberg


Chairman Chung Mong Koo of Hyundai Motor Co., South Korea’s largest automaker, asked the company’s management Monday to better prepare for global competition as the weaker yen becomes a “burden” for the carmaker.

“Hyundai Motor’s global management is at a critical stage now because of the weaker, yen rising fuel prices, fiercer competition,” the company quoted Chung as saying.

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