HD Hyundai Chairman Jeong Ki-sun becomes second-largest shareholder after father gifts 3.5% stake

HD Hyundai Jeong Ki-sun share gift second-largest shareholder succession

Jeong Mong-joon, director of the Asan Social Welfare Foundation, will transfer 2.8 million HD Hyundai common shares – roughly 3.5 % of the company – to his son Jeong Ki-sun on September 3. The gift raises Ki-sun’s holding from 6.12 % to 9.67 %, overtaking the National Pension Service’s 7.12 % stake and making him the second‑largest shareholder.

The transfer is part of a broader succession plan. Ki-sun aims to acquire an additional 6.69 % to become the largest individual shareholder, but faces hurdles such as pledged shares – about 54 % of his father’s holdings are collateral for loans totalling roughly 371 billion KRW – and a projected tax bill of around 6.6 trillion KRW for the full transfer. The gifted shares are valued at approximately 5.838 billion KRW based on the closing price before the transaction.

Entities

Asan Social Welfare Foundation · HD Hyundai · Jeong Ki-sun · Jeong Mong-joon · National Pension Service

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] After the gift, Jeong Mong-joon’s shareholding falls from 26.6 % to about 23 % but he retains the position of largest shareholder. sateconomy.co.kr
[○ 1 SOURCE] About 54 % of Jeong Mong-joon’s HD Hyundai shares are pledged as collateral for loans totaling roughly 371 billion KRW. sateconomy.co.kr
[○ 1 SOURCE] The estimated tax liability for the additional 6.69 % stake, if transferred at current price, would be around 6.6 trillion KRW. sateconomy.co.kr
[○ 1 SOURCE] Ki-sun plans to acquire an additional 6.69 % of HD Hyundai to become the largest individual shareholder. sateconomy.co.kr
[● 3 SOURCES] Jeong Mong-joon will gift 2.8 million HD Hyundai common shares (≈3.5 % of total) to his son Jeong Ki-sun on September 3. sateconomy.co.kr · biz.heraldcorp.com · www.seoul.co.kr
[● 3 SOURCES] After the gift, Jeong Ki-sun’s stake in HD Hyundai rises from 6.12 % to 9.67 %, making him the second‑largest shareholder. sateconomy.co.kr · biz.heraldcorp.com · www.seoul.co.kr
[● 3 SOURCES] The National Pension Service holds 7.12 % of HD Hyundai, which will be overtaken by Ki-sun’s 9.67 % stake. sateconomy.co.kr · biz.heraldcorp.com · www.seoul.co.kr
[● 2 SOURCES] The gifted shares are valued at about 5.838 billion KRW based on the closing price before the transaction. biz.heraldcorp.com · www.seoul.co.kr

Sources

정기선 HD현대 회장, 1대주주까지 6. 69%… 승계 ‘담보·세금’ 고비 [sateconomy.co.kr]

22 days ago

정기선, HD현대 2대 주주 등극 [biz.heraldcorp.com]

22 days ago

정몽준 HD현대 지분 3. 5% 증여…정기선, 2대 주주 등극 [www.seoul.co.kr]

23 days ago