Hyundai founder dies

Chung Se-yung, the founder of South Korea's largest automaker, Hyundai, has died of pneumonia in Seoul. He was 78.

Chung Se-yung, a brother of the late Hyundai Group founder Chung Ju-yung, set up Hyundai Motor in 1967 and helped to build the company into the world's fifth-largest carmaker.

Chung was chairman of the industrial giant until 1996.