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Hyundai Motor Group recruits ex-trade minister to handle U.S. move on tariffs

All News 22:13 July 10, 2018

SEOUL, July 10 (Yonhap) -- Hyundai Motor Group has recruited former Trade Minister Kim Jong-hoon as part of efforts to cope with Washington's move to impose tariffs on automotive parts and cars, its officials said Tuesday.

Kim, who served as trade minister from 2007-2011 and a lawmaker from 2012-2016, was appointed as a special advisor on Monday.

"By recruiting former Trade Minister Kim, who is an expert, we will be able to effectively respond to various trade-related issues," a company official said, declining to be named.

In response to the U.S.' move on tariffs, Hyundai Motor Group has forwarded its position to the U.S. Department of Commerce that the tariffs, if imposed, could lead to a reduction in U.S. jobs.

Former Trade Minister Kim Jong-hoon gives a lecture in Seoul on March 7, 2018, in this photo provided by the Federation of Korean Industries. (Yonhap)


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