Shareholders of Hyundai Motor Co., South Korea's No. 1 carmaker, froze the annual salary of company board members and outside directors in a meeting Friday and approved more than 530 billion won (US$494.73 million) in dividend payments for last year's profits. The flagship company of Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said 1,499 shareholders attended the meeting at its headquarters in southern Seoul and passed a motion reappointing Chung Mong-koo as the company's chairman for three more years.