Hyundai Motor Group

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Hyundai Motor Group
Native name
현대자동차그룹
Chaebol
Industry Conglomerate
Founded September 2000; 17 years ago (September 2000)
Headquarters Seoul, South Korea
Area served
Worldwide
Key people
Chung Mong-koo
(Chairman and CEO)
Chung Eui-sun
(Vice Chairman)
Products Automotive, Metals, Stock, Engineering, Steel, Mining, Construction, Finance
Revenue Increase US$217.275 billion (2015)[1]
Increase US$12.949 billion (2015)[1]
Number of employees
262,463 (2015)[1]
Divisions
Website www.hyundaimotorgroup.com

The Hyundai Motor Group (IPA: [hjə́ːndɛ]; Hangul현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja現代自動車그룹 Hyeondae Jadong-cha Geurup) (stylized as HYUNDAI) is a South Korean multinational conglomerate headquartered in Seoul, South Korea, and it is the largest car manufacturer in the country. According to the Organisation Internationale des Constructeurs d'Automobiles, it was the world's third-largest vehicle manufacturer by production volume in 2016, behind Japanese Toyota and German Volkswagen Group.[2]

The group was formed through the purchase of 51% of South Korea's second largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88%[3] of Kia Motors. The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group. It is the second largest South Korean chaebol or conglomerate, after Samsung Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.

Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.[4] In 2017 the Group sold 7.25 million vehicles, the lowest since 2012.[5]

Major affiliates[edit]

Automobile[edit]

Steel[edit]

Auto parts[edit]

(Hyundai Motor Group, 2017)[1]

Construction[edit]

Other business and subsidiaries[edit]

Railroad and defense vehicles[edit]

Machine tools and heavy industries[edit]

Advertising agencies[edit]

Technical development[edit]

Electrical holdings[edit]

Logistics[edit]

Information technology[edit]

Economy and finance[edit]

Travel resort[edit]

Sports marketing[edit]

Hyundai Motor Company[edit]

Kia Motors[edit]

Other affiliate teams[edit]

See also[edit]

References[edit]

  1. ^ a b c d "Hyundai Motor Group Financial Statements". 
  2. ^ "2016 World Motor Vehicle Production. OICA correspondents survey" (PDF). Retrieved 2018-06-05. 
  3. ^ "Hyundai Motor Company 2013 annual report" (PDF). Worldwide.hyundai.com. Retrieved 2014-11-02. 
  4. ^ "Hyundai and Kia miss 2015 sales targets". BBC. 4 Jan 2016. Retrieved 22 January 2018. 
  5. ^ "Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target". Reuters. 2 Jan 2018. Retrieved 22 January 2018. 

External links[edit]