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Hyundai reveals CEO's pay for first time ever

Thanks to some government pressure, Hyundai's billionaire chairman, Chung Mong Koo, has revealed just how much he gets paid each year. Honestly, the amount is a bit lower than we'd expect considering he helms such a huge industrial empire. The 76-year-old chairman brought home $13 million in 2013, $5.2 million of which came from Hyundai's automotive business while both Mobis and Hyundai Steel chipped in $3.94 million, each. For reference, Ford CEO Alan Mulally netted $23.2 million in 2013, although the vast majority of that money came from stock options.
The push for Chung to reveal his pay was part of a larger effort by the South Korean government called the Financial Investment Services and Capital Markets Act. The act forces several thousand companies to release info on annual pay, bonuses and severance for employees earning over $5 million won ($469,000), according to Bloomberg.
"With the disclosure of the executives' compensation, the pressure to deliver better profits will increase," said Heo Pil Seok, the CEO of Midas International Asset Management. It seems to be working, as Hyundai shareholders, of which Midas is one, have seen their shares increase by 6.1 percent in 2014, which includes a 1.2-percent jump as of yesterday, according to Bloomberg.

Next Hyundai Genesis caught shooting through the snow... with all-wheel drive?

Hyundai is still working on getting its next-generation Genesis sedan ready for production, and while these spy shots don't reveal much more of the car's new design than what we saw back in December, our spy photographer did manage to catch an important detail being added to the big sedan. In addition to its rumored 10-speed automatic transmission, it looks like the new Genesis could get an all-wheel drive system based on a sticker in the rear window that says "4WD AT." This would make sense, too, as the car was caught testing in snowy and icy Northern Sweden.
Another new element of the car visible in these pictures is our first look at the car with its LED headlights illuminated giving the front end a more upscale and dynamic look. In terms of its overall appearance, the new Genesis is expected to take some design elements from the HCD-14 Genesis Concept that Hyundai revealed last month at the Detroit Auto Show. There is still no official word, though, as to when we may see the new Genesis unveiled.

2015 Hyundai Genesis automatically slows for speed cameras

Speed cameras are something of a foreign curiosity for many drivers in the US. Sure, there is sporadic use of red light cameras here, but the cams to catch speeders are much more popular in Europe. However, Hyundai might have created a way to end that scourge for our foreign auto enthusiast compatriots. The Korean automaker recently showed off a system on the Genesis at its headquarters in Seoul that could detect and automatically slow down for the nefarious devices. It could make many speeding tickets a thing of the past.
According to Australian website Drive, the Genesis' tech is actually a simple integration of already existing structures. It combines a navigation system programmed with the locations of speed cameras and the sedan's automatic braking. Drivers get an audible warning about a half-mile beforehand to slow down, and if they don't the car can do it for them.
Unfortunately, this potentially money-saving tech isn't leaving its domestic market anytime soon. "This is offered only in Korea and not planned for the US. In Korea, many cars with smart cruise control offer this and it is viewed as a safety feature," said Hyundai spokesperson Jim Trainor to Autoblog via email.