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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.

Hyundai admits 124-mile Ioniq EV is 'not enough'

The Hyundai all-electric Ioniq isn't even here yet, and the company is already admitting that it can't compete. That's one way to read a statement by Ahn Byung-ki, director of Hyundai's eco-vehicle performance group, who said recently that that 124-mile EV will be supplanted by a 200-plus-mile version in 2018. After all, in a world full of Bolt EVs, second-gen Leafs, and Tesla Model 3s, an electric car that goes 124 miles isn't going to wow the way it could. Despite the push Hyundai is making with the Ioniq – which will come with plug-in hybird, standard hybrid and full EV powertrains – Ahn told Automotive News that 124 miles is "not enough, and we have a plan to extend that to more than 200 by 2018." Ahn and Hyundai are working on more than just the Ioniq line-up. Aside from the hydrogen-powered Tucson Fuel Cell, the company has a totally new hydrogen-powered large-ish vehicle. We might see the first taste of that in the same year as the Ioniq EV gets its first range boost. In other words, everything's moving fast as the company works to introduce 26 green models through 2020. Related Video:

So, how do you actually pronounce that automaker's name?

You probably have that friend who always says Porsche wrong, or maybe it's someone who keeps reminding you it's actually two syllables. Whichever side of the pronunciation debate you fall on, you'll find someone to root for in the video above. And before you ask, this was all the video team's idea. So don't get mad at me for being the voice of reason. BMW Chevrolet Hyundai Nissan Rolls-Royce Videos Original Video nissan qashqai