FAST FACTS HAWAII
Chung Euisun, 37, son of Hyundai Motor Co. Chairman Chung Mong-koo, stepped aside yesterday from his role as chief executive at the company's Kia affiliate, an official said. The change followed a shareholder meeting earlier yesterday, but the company had no further comment. Kia said it had swung to a net profit for the last quarter of 2007 but still suffered a 66 percent decline for the year due to falling sales.
LISTINGS WANTED: China's securities regulator yesterday issued draft rules making it easier for start-up companies to list their shares on a planned Nasdaq-like stock exchange. The proposals, drawing on the experiences of similar overseas markets, will lower requirements for initial public offerings by "innovative and fast-growing" firms, the China Securities Regulatory Commission said in a statement on its Web site.