Hyundai Motor Company
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The Hyundai Motor Company (Korean: 현대자동차; Hanja: 現代自動車; RR: Hyeondae Jadongcha About this soundlisten; KRX: 005380), commonly known as Hyundai (Korean: 현대; Hanja: 現代; RR: Hyeondae, IPA: [ˈhjəːndɛ];[a] lit. ’modernity’), is a South Korean multinational automotive manufacturer headquartered in Seoul. Hyundai Motor Company was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation,[5] and also fully owns two marque including its luxury cars subsidiary, Genesis Motor, and electric vehicle sub-brand, Ioniq.[6][7][8] Those three brands altogether comprise the Hyundai Motor Group.
Hyundai operates the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units.[9] The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms.[10]
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Hyundai Motor Group
The Hyundai Motor Group (IPA: [ˈhjəːndɛ]; Korean: 현대자동차그룹 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 2017, 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]
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