Hyundai China JV encountering severe political, economic challenges

Hyundai China JV encountering severe political, economic challenges

An employee sits in front of the logo of Hyundai Motor at its dealership in Seoul, South Korea October 26, 2016. REUTERS/Kim Hong-Ji

Hyundai‘s China joint venture is facing “severe challenge” due to a complex political and economic environment and tough local competition, the firm’s chairman said on Wednesday, amid a political stand-off between China and South Korea.

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