AFTER a series of reports circulating that Hyundai Philippines will be transferred to a new distributorship, it is now confirmed that Hyundai Motor Philippines Inc. (HMPH) will take over the distribution and marketing duties for Hyundai vehicles in the country.

Lee Dong-Wook will be the new company president, and he will report directly to Hyundai Global headquarters situated in Seoul, South Korea. Victor Jose Bela joined the company as well as deputy general manager. According to Lee, the company is currently at 40 percent of its manpower and is currently looking for more to join the company.