Tuesday, March 04, 2025 | 07:17 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Family behind Hyundai just made $2 billion on Apple collaboration report

Friday was also a good day for South Korea's richest person

Chung Euisun, executive vice chairman of Hyundai Motor Co
Premium

Chung Euisun, executive vice chairman of Hyundai Motor Co., speaks during a new year company meeting at the automaker's headquarters in Seoul, South Korea, on Thursday, Jan. 2, 2020

Yoojung Lee | Bloomberg
A reported potential tie-up with Apple Inc. made South Korea’s second-richest family even richer.
 
Shares of Hyundai Motor Co. jumped as much as 25% in Seoul Friday -- the most since 1988 -- after South Korean media said the carmaker was in talks with the U.S. tech giant over developing self-driving vehicles. Hyundai initially confirmed the report before dialing it back to excise any mention of Apple, saying it had been receiving requests to cooperate on the technology from a number of companies.

Regardless, the stock surge boosted the combined fortune of Hyundai Motor Group Chairman Euisun Chung and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in