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S Korea Kia co-CEO quits following recall

Chung Sung-eun, co-CEO of South Korea’s Kia Motors, has resigned after some of the company’s cars were recalled due to defective wiring harnesses, a spokesperson said.

Kia co-CEO and president Seo Yeoung-jong and co-president Lee Hyeong-geun would assume Chung’s duties.

(Source: CNBC)