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      "text": "*Accelerate Hyundai Proposals do not envision significant changes in other aspects of HMG as it currently stands, for example, key business and operational considerations, labor/work force utilization, key assets including factory and inventory managements",
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      "text": "Accelerate Hyundai Proposals do not envision significant changes in other aspects of HMG as it currently stands, for example, key business and operational considerations, labor/work force utilization, key assets including factory and inventory managements",
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      "text": "Holding companies have considerable tax benefits over general companies when receiving dividend income. Holding company structure encourages increases in cash dividend at subsidiaries. We disagree with the company's claim that a holding company structure limits opportunities for future business expansion. We disagree with the company's claim that future large scale M&A will require joint investments from Mobis, HMC and Kia. There are different methods to deal with HMG's interests in financial subsidiaries.",
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      "text": "The Accelerate Hyundai Proposals, if adopted, will result in a truly streamlined holding company structure for the Hyundai Motor Group:",
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      "text": "Source: Company IR materials. Notes: 1. Based on page 11 of the FAQ materials published by Mobis on 18 April 2018.",
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