[Speaker Biography]

• Ted Chung began his career at Hyundai Motor Group in the late 1980s and has spearheaded the Group’s financial affiliates since the early 2000s.
• Under his leadership, Hyundai Capital was propelled to become Korea’s largest consumer financing company and successfully expanded its global footprint across 13 countries, including the U.S., U.K., Germany and Brazil. Hyundai Card underwent a strategic overhaul through global joint ventures with GE, Santander, and Fubon starting in 2005 to advance its financial engine. This initiative transformed the company from an industry underdog into a market powerhouse, achieving a sevenfold increase in market share within just five years. Today, Hyundai Card boasts a dominant presence, serving nearly 45% of South Korea’s working-age population. Furthermore, following a digital transformation initiated in 2013 with huge investments made in artificial intelligence, the company has evolved into a leading tech entity, becoming the first financial institution globally to export AI software.
• In the commercial sector, Ted has led Hyundai Commercial, engaged in corporate finance and industrial finance, to diversify its portfolio through alternative finance since 2019. The company is currently expanding its global footprint by venturing into overseas private equity, private debt alternative investments, and co-investments in partnership with top-tier global General Partners.
• Ted’s contributions have been recognized with numerous prestigious honors, including France’s Légion d’Honneur, the UK’s Honorary Commander of the Order of the British Empire, Korea’s Order of Industrial Service Merit and Presidential Commendation, and the Montblanc Arts Patronage Award. He earned his BA from Seoul National University and MBA from MIT Sloan.