Busan Designated as Special Financial Opportunity Zone, Heralding a New Financial Ecosystem 
McDonald's Teases Jujutsu Kaisen Collaboration with Cryptic Social Media Updates 
Dutton goes nuclear, proposing seven government-owned generators with the first starting in 2030s 
Light Wash Denim Hops on the Nike Ja 1 GS; Flyknit Bloom Keeps It Conservative 
Inflation is cooling, but not fast enough for the Fed 
Have-not neighbourhoods hurt by about-face on engaging with the community in urban planning 
Bitcoin Dips Below $60K Amid $9B Mt. Gox Repayments, Whale Activity Intensifies 
McDonald's Deploys 10 Volvo Electric Trucks for Sustainable Deliveries in Montreal and Toronto 
Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high 
The world no longer needs fossil fuels – and the UK could lead the way in making them taboo 
Mauritius’ next growth phase: a new plan is needed as the tax haven era fades 
The UK’s nature restoration plans have some big holes – here’s how to fill them 
Meet the ‘new consumer’: How shopper behaviour is changing in a post-inflation world 
The IMF is failing countries like Kenya: why, and what can be done about it 
Did the Victorians have better roads than us? A history of Britain’s potholed streets 
Hyundai Heavy Industries Holdings Co. reveals move to change its name to HD Hyundai. The name change also comes as the company will now be running under the new leadership that will be passed down to the third generation of the family line.
According to The Korea Economic Daily, HD Hyundai is expected to briskly pursue investment opportunities such as mergers and acquisitions (M&A) with its name change. The company is also looking to transform its shipbuilding company into an organization that is focused on new growth drivers.
It was reported that the company's board of directors gave their permission for the change of Hyundai Heavy Industries Holdings' name to HD Hyundai. The decision was then finalized on Monday, March 28, during the shareholders' meeting.
HHI explains that the HD in the name means "human dreams," which is the group's determination to achieve its goals by using "human dynamics." The company's shareholding structure includes three core businesses which are energy, shipbuilding, and industrial machinery, under the names Hyundai Oilbank Co., Korea Shipbuilding & Offshore Engineering (KSOE), and Hyundai Genuine Co., respectively.
In any case, setting about changes from management to business strategy, HHDI also appointed a new CEO along with the new name. The founder of the company's grandson, Chung Ki Sun, has been appointed as the new chief executive officer during Monday's shareholders' meeting.
Chung's appointment also completes the shift in leadership to the third generation, who will continue the business line of South Korea's largest shipbuilder. As per Pulse News, Chung Ki Sun is the eldest son of Chung Mong Joon, the founder's Chung Ju Young's son.
The shareholders of HHI Holdings approved Ki Sun's appointment. The group also tapped an outsider, Jisoo Lee, a lawyer at Kim & Chang law firm, to be a director and member of the auditor committee. The new CEO was inaugurated on the same day as the meeting, and he will now lead HHI Holdings or HD Hyundai with co-CEO and chairman Kwon Oh Gap.
"Celebrating the 50th anniversary of the group, we now are aiming to create a new value with innovation for the next 50 years," Kwon said in his opening speech to shareholders. "Under the new corporate name of HD Hyundai, the company will actively explore new growth engines for the entire group by bolstering new role as an investment holding entity."
