Hyundai Motor replaces China chief after supply disruption, diplomatic tensions

Reuters  |  SEOUL 

SEOUL (Reuters) - South Korea's said on Monday it had replaced the head of its operations - an appointment that comes on the heels of a supply disruption and as it struggles to deal with the fallout from a diplomatic row between the two nations.

Tao Hung Than, who is of Chinese descent, became CEO of Beijing on Friday, replacing Chang Won-shin, a company spokesperson said, without elaborating on the reason for the change. Chang held his job for less than a year.

was recently forced to halt production for about a week at its joint venture with China's BAIC Corp Ltd after a fuel-tank components supplier refused to provide parts due to non-payment.

South Korean firms have also been hit by a Chinese backlash over Seoul's decision to deploy the THAAD U.S. missile defence system to counter threats from nuclear-armed North Korea. says the system poses a threat to its national security.

Motor's sales from its Chinese factories plummeted 64 percent in April-June alone.

The management changes were first reported by South Korean media over the weekend.

(Reporting by Hyunjoo Jin; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 04 2017. 12:40 IST