Hyundai Capital Appoints Jeong Hyeong-jin, Former Goldman Sachs Korea Head, as New CEO

Hyundai Capital announced on the 12th that it has appointed Jeong Hyeong-jin, former head of Goldman Sachs Korea, as its new CEO. The newly appointed CEO Jeong is expected to officially start his duties in June.

Jeong Hyeong-jin, who has been nominated as the new CEO, began his career at Goldman Sachs Seoul branch in 1999, and subsequently worked at Goldman Sachs Hong Kong office and served as head of the corporate finance division at the Seoul branch. From 2014, he served as the head of Goldman Sachs Seoul branch in Korea.

Jeong Hyeong-jin is known as a global finance expert with extensive work experience and networks across the financial industry, having provided investment and financial advisory services to major domestic and international companies and led the successful completion of large-scale transactions while working at Goldman Sachs.

Through this CEO appointment, Hyundai Capital plans to solidify its position as the exclusive financial company of Hyundai Motor Group and accelerate global business expansion by strengthening financial expertise.

Jung Hyung-jin, former head of Goldman Sachs Korea, appointed as the new CEO of Hyundai Capital.

Based on his expertise in global investment and finance, CEO Jeong is expected to accelerate Hyundai Capital’s global expansion, elevate its financial expertise to a new level, and lead the company by enhancing synergy between vehicle sales and finance.

Since the management separation from Hyundai Card and Hyundai Commercial in September 2021, Hyundai Capital has focused on strengthening its role as the exclusive financial company of Hyundai Motor Group. Hyundai Capital continues to expand its overseas bases linked to overseas vehicle sales, not only in advanced markets such as Italy and France but also by pursuing the establishment of an independent corporation in Indonesia, a major emerging market, in April this year. It is also working on building a stable and diversified funding portfolio through upgrades in domestic and global credit ratings and increasing the proportion of issuance in overseas bond markets.

A Hyundai Capital official said, “Through the appointment of the new CEO, Hyundai Capital will actively support the global expansion of finished vehicle sales in various fields such as leasing, subscription, and used cars,” adding, “In uncertain market conditions such as the sharp rise in interest rates on specialized finance company bonds, CEO Jeong’s expertise is expected to greatly contribute not only to securing liquidity and managing internal and external risks but also to expanding new global businesses through strengthening strategic partnerships in local markets.”

This content was produced with the assistance of AI translation services.