Industry Conglomerate Headquarters Seoul Founded September 2000 Number of employees 262,463 | Area served Worldwide Founder Chung Ju-yung Revenue 217.3 billion USD (2015) Type of business Chaebol | |
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Key people Chung Mong-koo
(Chairman & CEO) Products Automotive, Metals, Stock, Engineering, Steel, Mining, Construction Net income US$12.949 billion (2015) Website www.hyundaimotorgroup.com/Index.hub Subsidiaries Hyundai Motor Company, Kia Motors Profiles | ||
The Hyundai Motor Group ([hjə́ːndɛ]; Hangul: 현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja: 現代自動車그룹 Hyeondae Jadong-geo Geurup) (stylized as HYUNDAI) is a South Korean multinational conglomerate company headquartered in Seoul, South Korea. It is the largest vehicle manufacturer in South Korea and the world's third largest vehicle manufacturer after Toyota and the Volkswagen Group based on 2015 vehicle production. 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% 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 2nd 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 group, Hyundai Department group, and Hyundai Marine and Fire Insurance group.