Hyundai India's CEO & Managing Director, YK KOO has stepped down from his position in India. Koo will soon take up a new role at the brand's headquarters in Korea.
If reports are to be believed, YK Koo will be replaced by Seon Seob Kim, which is currently the head of the business operations division. A standard tenure for Managing Director is 2 years and Koo got an extension of one year. The tenure was finally ended in November 2018.
YK Koo has been associated with the Korean brand for over 34 years. He has handled Hyundai's many global markets. For people not in the know, Mr. Koo was one of the founding members of Hyundai's operations in India in 1997. He had also handled the sales and marketing operations for Hyundai in India in 2008-2011. He has also been a part of a range of new products launched in India and the brand's investment plans of 7,000 crore with Tamil Nadu's government.
Hyundai India has recently re-introduced the iconic Santro nameplate under the leadership of YK Koo. The company is now preparing a sub-4 meter SUV - codenamed QXi - to take on the likes of Maruti Vitara Brezza, Ford EcoSport and the Tata Nexon. The small SUV will be launched in the first half of 2019. Adding to it, Hyundai will also launch its first electric car - the Kona EV for the Indian market in 2019.