|Headquarters||Seoul, South Korea|
Hyundai Group (IPA: [ˈhjəːndɛ] ; Korean : 현대그룹; Hanja : 現代그룹) was a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second Enterprise Group. The company spun off many of its better known businesses after the 1997 Asian financial crisis, including Hyundai Motor Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group. Chung Ju-yung was directly in control of the company until his death in 2001.
The Hyundai Group now focuses on elevators, container services, and tourism to Mount Kumgang. As of March 2007, Hyundai Engineering and Construction, which was later acquired by the Hyundai Motor Company, is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of Hyundai Group. Most companies bearing the name Hyundai are not legally connected to Hyundai Group. They include Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by relatives of Chung. If these companies were considered as forming a single broad family business, then it would remain the largest company in South Korea with enormous economic and political power in the country.
The name "Hyundai" comes from the Korean word 現代 (hanja form), which means "modernity".
As of 2017, these are the affiliated companies of the Hyundai Group.
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along with Kia forms the Hyundai Kia Automotive Group. Headquartered in Seoul, South Korea, Hyundai operates in Ulsan the world's largest integrated automobile manufacturing facility,which is capable of producing 1.6 million units annually. The company employs about 75,000 people around the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold over 4.4 million vehicles worldwide. Popular models include the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 with 50 percent of the stock of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical Center and six other hospitals. The foundation has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it established the annual Filial Piety Award.
Before restructuring (beginning circa 2000), Hyundai's major areas of activity included shipbuilding, car manufacture, construction, retailing, finance, and electronics. After founder Chung Ju-yung's death in 2001, the component companies of Hyundai were split off into separate companies.
The Hyundai Motor Company, commonly known as Hyundai, 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, and also fully owns two marque including its luxury cars subsidiary, Genesis Motor, and electric vehicle subsidiary, Ioniq. Those three brands altogether comprise the Hyundai Motor Group.
Chung Mong-hun was the 5th son of Chung Ju-yung, the founder of the South Korean Hyundai conglomerate. After the death of his father, he took over part of his father's role and became the chairman of Hyundai Asan, the company in charge of various business ventures between North and South Korea. He committed suicide in 2003.
Daewoo also known as the Daewoo Group, was a major South Korean chaebol and car manufacturer.
The Hyundai Motor Group 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.
Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilding company. Its headquarters are in Ulsan, South Korea. HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships. In 2002, the company was spun-off from its parent company. HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service.
Hyundai Engineering and Construction Co., Ltd. KRX: 000720 is a major construction company in South Korea. The company was founded by Chung Ju-yung in 1947 as the Hyundai Civil Works Company and was a major component of the Hyundai Group. Hyundai Construction and Hyundai Engineering merged in 1999.
Chung Ju-yung or Jung Joo-young, was a South Korean entrepreneur, businessman and the founder of Hyundai Groups of South Korea. Raised as the eldest son of a poor Korean farmer, he became the richest man in South Korea. Chung was an integral part to the rapid development of Korea's economy, growing Hyundai Heavy Industries to be the largest ship builder in the world, as well as growing Hyundai Motor Group into the largest automobile manufacturer in Korea, and the third largest in the world. Chung was also a vital contributor to the development of South Korea's infrastructure after the Korean War's destruction of much domestic infrastructure by constructing the Gyeongbu Expressway in 1970, connecting the capital, Seoul, to the port city of Busan, in alliance with the President Park Chung Hee.
Hyundai Asan is an arm of the South Korean conglomerate Hyundai Group and a major investor in North Korea. The company manages a number of projects, including the resort at the Mount Kumgang Tourist Region and road/rail building operations. It is also involved in the Kaesong Industrial Park project.
Asia Motors Industries, traded as Asia Motors, was a South Korean car manufacturer established in 1965 and closed in 1999. Since 1976, it was a subsidiary of Kia Motors.
Chung Mong-koo is a South Korean business magnate who was the former chairman and CEO of Hyundai Motor Group. He started his career back in 1970, joining the engineering & construction division of the group. The Hyundai Motor Group consists of 42 subsidiaries and is the second largest Chaebol in South Korea. Chung succeeded his father, Chung Ju-yung, the founder of the conglomerate known as the Hyundai Group. When the conglomerate split into several parts in 1999, Chung Mong-koo took over the Hyundai Motor division. He is the eldest surviving son of Chung Ju-yung's eight sons.
Hyundai Group was a South Korean chaebol, controlled by Chung Ju-yung until his death in 2001, which has been broken up into numerous independent companies. The term may also refer to many of these successor companies, including:
Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups:
Hyundai Mobis is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation in 1977, the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world's No. 6 automotive supplier."
Chung Mong-joon or Chung Mong Joon is a South Korean businessman and politician. He is the sixth son of Chung Ju-yung, founder of Hyundai, the second-largest South Korean chaebol before its breakup in 2003. He remains the controlling shareholder of a Hyundai offshoot, Hyundai Heavy Industries Group, parent of the world's largest shipbuilding company. He is also the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea. He is the founder and the honorary chairman of The Asan Institute for Policy Studies. He was Honorary Vice-President of FIFA and president of the South Korean football association.
Chung Eui-sun, also spelled Chung Eui-son, is a South Korean billionaire businessman. He is the chairman of Hyundai Motor Group and the only son and "heir apparent" of Hyundai Motor Group honorary chairman Chung Mong-koo.
Hyundai Sungwoo Holdings Co, Ltd. is a South Korean automotive and auto parts company headquartered in Seoul, South Korea. Chung Soon-yung, the younger brother of Hyundai Group founder Chung Ju-yung, established Sungwoo Automotive in 1987 as part of the Sungwoo Group, which operated Hyundai Cement, Sungwoo Construction, and Hyundai Sungwoo Ski Resort.
Hyundai Samho Heavy Industries Co., Ltd. is the world's 4th largest shipbuilder and produces approximately 40 vessels per year. Its yard is located in Samho-eup, Yeongam, South Korea.
Asan Medical Center (서울아산병원) is a hospital in Seoul, South Korea. It was established to put into practice the founding principles of Asan Foundation founder Chung Ju-Yung. It opened on June 23, 1989, under the name Seoul Jungang (Central) Hospital, and was renamed Asan Medical Center on April 27, 2002. With 2,715 licensed beds and a total area of 85,000 square meters, it is the largest hospital in Korea.
The Mando Corporation (KRX:204320), with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to General Motors, Cadillac, Ford, Chrysler, Chevrolet, Nissan, Kia Motors Company, Fiat, Volkswagen, BMW, Suzuki, Hyundai Motor Company, and many other global automobile distributors. It has an annual profit topping over US$6 billion every year. It is currently owned and run by the original founding parent company, Halla Group. It was handed over to Halla by Sunsage B.V, a daughter company of JP Morgan.
The automotive industry in South Korea is the seventh-largest in the world as measured by automobile unit production and also the seventh-largest by automobile export volume.
Hyundai, the South Korean maker of one of the hottest and cheapest compact cars on sale in the United States, is beginning to hawk its Blue Chip Computer in more than 500 discount stores nationwide. The unit is compatible with the IBM PC-XT.
|Wikimedia Commons has media related to Hyundai .|