Billionaire succession fuels anger as ‘Hyundai Town’ faces China threat
  • Ulsan was once South Korea’s richest city, but a change in the global shipbuilding industry has caused a downturn, leading to job losses
  • There is also anger over the way family-run conglomerates like Hyundai Heavy are reorganising in order to hand over power to the next generation
21 Aug 2019 - 1:52PM