Hyundai Motor Group names four new presidents in year-end reshuffle

Hyundai Motor Group promoted four executives to presidents in its year-end reshuffle, focusing on bolstering research and development, manufacturing, and overseas sales. The moves aim to accelerate the group's transition to software-defined vehicles. The position of the advanced vehicle platform chief remains vacant following a recent resignation amid delays in autonomous driving.

Hyundai Motor Group announced the promotion of four executives to presidents on December 18, 2025, as part of its year-end management reshuffle. The appointments underscore a strategic emphasis on enhancing research and development (R&D) and manufacturing capabilities to propel the group toward becoming a leading software-defined vehicle (SDV) maker.

Manfred Harrer, who joined Hyundai Motor in 2024 as executive vice president, has been elevated to president and head of R&D. His contributions to improving overall vehicle performance were highlighted by the group. A Hyundai official stated, “The new R&D chief will enhance Hyundai Motor Group’s technological competitiveness for its successful transformation into an SDV maker.”

The reshuffle left the advanced vehicle platform division vacant after former President Song Chang-hyun stepped down on December 5, reportedly due to delays in the company's autonomous driving progress.

On the manufacturing side, Jung Jun-cheul, previously executive vice president overseeing manufacturing solutions and purchasing, was promoted to president. He will lead efforts to reshape next-generation software-driven production systems and expand the group's robotics initiatives for stable supply chain management.

Yoon Seung-kyu, who headed Kia's North American operations, was appointed president in recognition of his sales expertise. Despite intensifying market competition, he drove over 8 percent year-on-year growth in Kia's retail sales in the region this year.

At Hyundai Steel, Lee Bo-ryong, head of the production division, became the new president. Noted for his engineering background and business management skills, he is expected to drive timely strategic investments in facilities and technologies to boost global competitiveness.

Outgoing Hyundai Steel CEO Seo Gang-hyun will transition to the group's planning and coordination division. As a finance expert and former chief financial officer at Hyundai Motor, he will mediate to optimize synergies among key affiliates.

These changes reflect Hyundai's commitment to innovation amid the shift to SDVs, balancing technological advancement with operational stability.

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Illustration of Roh Tae-moon, new co-CEO of Samsung Electronics, in a corporate setting with tech elements, for news article on his appointment.
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Samsung Electronics names Roh Tae-moon as co-CEO

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Samsung Electronics appointed Roh Tae-moon, head of its mobile division, as co-CEO to lead its device business on November 21. This restores the co-CEO structure nearly nine months after the death of former Vice Chairman Han Jong-hee in March. The move aims to strengthen core businesses and secure future technologies amid uncertainties.

Imported vehicles, spearheaded by Tesla, are approaching a 20% share of the South Korean automotive market. In response to a domestic sales slump and rising imports, Hyundai is reorganizing its leadership structure. This development highlights growing competition in the local industry.

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Hyundai Motor Group is seeking to restore its relevance in China, but analysts say the odds of a meaningful turnaround are slim in the hypercompetitive auto market. Beijing Hyundai, the joint venture with BAIC Group, stated it will open core capabilities in electrification and intelligent technologies, dispatch senior experts, and introduce the premium brand.

Siddhant Awasthi, who led Tesla's Cybertruck and Model 3 programs, announced his departure after eight years with the company. Hours later, Emmanuel Lamacchia, the Model Y program manager, also confirmed he was leaving after nearly eight years. The exits add to a series of senior departures amid Tesla's shift toward AI and robotics.

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President Lee Jae Myung received a policy briefing on balanced regional development on Monday, December 8, stressing it as key to sustainable growth. The presidential committee presented a customized strategy to ease concentration in the Seoul metropolitan area and foster new growth drivers nationwide. The plan includes five regional hubs and three special self-governing provinces.

ShiftUp CEO Hyung-tae Kim has been awarded the Presidential Commendation at the Korean Content Awards for his contributions to South Korea's video game industry. The honor recognizes the impact of titles like Stellar Blade and Goddess of Victory: Nikke. Kim dedicated the award to his team and fans in his acceptance speech.

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A South Korean government delegation led by President Lee Jae-myung's chief of staff Kang Hoon-sik departed for Toronto on January 26 to support the country's bid for Canada's submarine project valued at up to 60 trillion won. The consortium of Hanwha Ocean and HD Hyundai Heavy Industries is competing against Germany's Thyssenkrupp Marine Systems, with Hyundai Motor Group Executive Chair Euisun Chung and Hanwha Group Vice Chairman Kim Dong-kwan joining the mission.

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