Hyundai Motor Corp. 's export pier in Ulsan, South Korea, packed with cars waiting to be shipped.

韩国，蔚山：现代汽车公司的出口码头上停满了正等待装船的汽车。

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In South Korea, meanwhile, Hyundai Motor Co. and Kia Motors Corp. cut their joint 2008 sales forecast by 12.5% Monday and said they would freeze pay for managers amid slumping vehicle demand.

与此同时，韩国现代汽车(Hyundai Motor Co。)和起亚汽车(Kia Motors Corp。)周一将2008年联合销售预期下调12.5%，并表示由于汽车需求下滑，它们将冻结管理人士薪酬。

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The lucky pardonees included the bosses of Hyundai Motor, Korea's largest car firm, and SK, a chaebol (conglomerate) with interests in telecoms and energy.

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South Korea's Hyundai Motor has reported a 15% drop in first quarter profit, after being hit by industrial action and the strength of the won.

BBC: Hyundai Motor profits drop 15%

Chung Ju Yung, Hyundai's 83-year-old founder, cannot know whether it was wise to force his brother to give up an 8.3% stake in Hyundai Motor in exchange for 37.7% of Hyundai Industrial Development and Construction, South Korea's largest builder of apartments.

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