February 6, 2017 / 4:57 AM / 6 months ago

Hyundai Motor Group promotes fewer execs after flagship's profit drop

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SEOUL, Feb 6 (Reuters) - Hyundai Motor Group said on Monday that as part of its annual reshuffle it has promoted 348 executives, down 5 percent from last year, after flagship unit Hyundai Motor posted its fourth consecutive annual profit decline in 2016.

Hyundai Motor Group is South Korea's second-biggest conglomerate after Samsung Group in terms of assets, with 51 subsidiaries, including Hyundai Motor, Kia Motors, Hyundai Mobis and Hyundai Steel. (Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)

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