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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.

2014 Hyundai Equus

A Lesson In How To Out-Lexus The LS
I think that the new BMW 4 Series is an attractive coupe. The design is a little bit on the wrong side of "fussy" I'll grant you, and I don't particularly care for the look of the scalloped, black-bordered vents on the fender sides - functional though they may be. But for the most part, I find the coupe to be pretty pleasing to look at.
You all, by and large, do not care for the 4 Series. (For the sake of constructing my intellectual argument, I'm going to make the ridiculous statistical assumption that the 140 or so comments on our 4 Series First Drive provide a representative opinion of our readership as a whole.) In the first 24 hours after we published our review of the car, you felt moved to comment that it was "ugly," "REALLY ugly" and "a disappointment" among other, less reprintable statements of ardor.

Hyundai in trouble for overstating fuel economy numbers at home, too

Hyundai is, understandably, "very confused by the fine and the different results."
The South Korean government is investigating Hyundai and Ssangyong, alleging that the two manufacturers overstated the fuel economy figures on some of their crossovers. But while the initial investigation is being carried out by the Ministry of Land, Infrastructure and Transport, a separate branch of government, the Ministry of Trade, Industry and Energy is supporting the manufacturers' estimates. See Americans, our government isn't the only dysfunctional one.