[THE INVESTOR] Hyundai Motor Group chairman Chung Mong-koo is scheduled to hold a meeting with some 60 heads of overseas operations at the Seoul headquarters on July 18 to discuss ways to elevate the carmaker’s slowing sales.

The meeting, held twice a year, comes after the nation’s largest carmaker -- the fifth globally -- suffered a 2.4 percent decline in sales in the first half of this year compared to a year ago.

In the January-June period, Hyundai Motor and Kia Motors sold a combined 3.85 million vehicles globally.

Industry watchers predict the Hyundai chief would make a strict direction to elevate car sales in the latter half amid economic uncertainties in Korea and overseas.

The carmaker had set this year’s sales goal at 8.13 million.

By Lee Ji-yoon ()


koreaherald@heraldcorp.com