Alphabiz - ＂Chairman Hyun Jung-eun, the entire amount of damages worth 200 billion won has been paid in full.＂

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

현정은 현대그룹 회장 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Group Chairman Hyun Jung-eun has paid Hyundai Elevator in full for damages following the Supreme Court ruling.

Hyundai Elevator said on the 13th that Chairman Hyun has fully paid off 200 billion won worth of bonds, including payment in substitutes and cash.

Chairman Hyun has paid 100 billion won in advance payment since the second ruling in 2019 and payment in substitutes 24.75 million shares of Hyundai Movex shares worth about 86.3 billion won on the 6th after the Supreme Court's ruling.

"We have completed the full collection of bonds in a short period of time through active and rapid procedures," a Hyundai Elevator official said. "We will make more efforts to improve quality and services, strengthen safety and expand overseas markets to achieve the 'Vision 2030 Sales 5 trillion Global Top 5' declared last year."

Meanwhile, the Supreme Court on the 30th upheld the original ruling that "Chairman Hyun should pay 170 billion won to Hyundai Elevator" in a damage suit filed by Schindler Group, the second-largest shareholder of Hyundai Elevator, against Hyun and others.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)