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Hyundai chairman’s son ventures into luxury with Genesis brand

Posted by Michael Thomas at

SEOUL -- Hyundai Motor Co. Chairman Chung Mong Koo proved the South Korean automaker can build reliable, value-for-money cars by beating Toyota Motor Corp. and Volkswagen AG in benchmark U.S. quality surveys.

His son now wants to show Hyundai can be synonymous with luxury, too. Hyundai will start sales of its new G80 midsize sedan in South Korea next month, the second of a six-model lineup planned for its burgeoning premium marque called Genesis. Vice Chairman Chung Eui Sun, the son of the chairman, has been fronting the brand, introducing it in Seoul in November, then announcing plans to spin it off into a standalone division at the Detroit auto show two months later. more ...

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