Hyundai Motor Group : The Founder, Headquarter, Products And Other Things You Need To Know

Published

5 years ago

November 15, 2021

Obafemee80

Hyundai Motor Group

Type

Chaebol

Industry

Various

Founded

September 2000; 21 years ago

Headquarters

Seoul, South Korea

Area served

Worldwide

Key people

Chung Mong-koo
(Honorary Chairman)

Chung Eui-sun
(Chairman & CEO)

Products

Automotive, Rail transport, metals, stock, engineering, steel, mining, construction, finance

Number of employees

262,463 (2015)

Subsidiaries

Automotive

Hyundai Motor Company

Ioniq

Genesis Motor

Kia (33.88%)

Construction

Hyundai Engineering & Construction

Hyundai Transformer

Sports Teams

6 sports team, including Jeonbuk Hyundai Motors and Kia Tigers

Finance

Hyundai Capital

Hyundai Card

Steel and car parts

Hyundai GLOVIS

Hyundai Hysco

Hyundai Steel

Hyundai Mobis

Hyundai Transys

Hyundai Motrex

Hyundai Rotem

Hyundai Kefico

Hyundai IHL

Hyundai Wia

Hyundai Motor Group

The Hyundai Motor Group is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea.

The largest member of the chaebol, the Hyundai Motor Company, has a controlling stake in Kia Corporation, and they are the largest and second largest car manufacturers in the country respectively.

According to the Organisation Internationale des Constructeurs d’Automobiles, it was the world’s third-largest vehicle manufacturer by production volume in 2017, behind Japanese Toyota and German Volkswagen Group.

The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88% of Kia.

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, after Samsung Group.