In December 2009, Hyundai Heavy Industries (once a sibling company in Hyundai) purchased a 50% plus-one-share majority stake in Hyundai Corporation, and installed new management on January 1, 2010.
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Mr. Rivkin has represented both domestic and international corporations in addition to high-profile individuals, including Occidental Petroleum Corporation, General Electric, ExxonMobil, PricewaterhouseCoopers, Hyundai Heavy Industries Co.
The Republic of Korea Navy has ordered nine Type 214 submarines, designated as Son Won-Il class, to be built in Korea by Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering; three first batch models had entered service since 2007, and six second batch models will enter service from 2012.