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Hyundai refers to a group of companies and related organizations founded by Chung Ju-yung
Chung Ju-yung

Chung Ju-yung was, along with his brothers, the founder of Hyundai Group, at one time South Korea's largest multinational conglomerate . The Hyundai Group was split up from the 1980s till recently into many satellite groups....
 in South Korea. The first Hyundai company was founded in 1947 as a construction
Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
 company, and the Hyundai Group
Hyundai Group

Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
 eventually became South Korea's largest conglomerate company
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
 (chaebol
Chaebol

Chaebol refers to a South Korean form of business conglomerate . They are government-supported powerful global multinationals, often larger than entire countries' economies, owning numerous international enterprises....
).

The best well-known Hyundai organization is the Hyundai Motor Company
Hyundai Motor Company

The Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea?s largest and the world?s fifth largest automaker in terms of units sold per year....
, the world's 5th largest automaker selling mid-sized sedans, coupes,SUVs and large vans like the Sonata, Genesis, Genesis Coupe, Santa Fe, and the Grand Starex(Starex or H-1).






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Hyundai refers to a group of companies and related organizations founded by Chung Ju-yung
Chung Ju-yung

Chung Ju-yung was, along with his brothers, the founder of Hyundai Group, at one time South Korea's largest multinational conglomerate . The Hyundai Group was split up from the 1980s till recently into many satellite groups....
 in South Korea. The first Hyundai company was founded in 1947 as a construction
Construction

In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of multitasking....
 company, and the Hyundai Group
Hyundai Group

Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
 eventually became South Korea's largest conglomerate company
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
 (chaebol
Chaebol

Chaebol refers to a South Korean form of business conglomerate . They are government-supported powerful global multinationals, often larger than entire countries' economies, owning numerous international enterprises....
).

The best well-known Hyundai organization is the Hyundai Motor Company
Hyundai Motor Company

The Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea?s largest and the world?s fifth largest automaker in terms of units sold per year....
, the world's 5th largest automaker selling mid-sized sedans, coupes,SUVs and large vans like the Sonata, Genesis, Genesis Coupe, Santa Fe, and the Grand Starex(Starex or H-1). Hyundai Heavy Industries
Hyundai Heavy Industries

Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilder company, headquartered in Ulsan, South Korea. The company is a subsidiary of Hyundai Heavy Industries Group....
 is the world's largest shipbuilder, and Hynix
Hynix

Hynix Semiconductor Inc. of South Korea is a memory semiconductor supplier of dynamic random access memory chips and flash memory chips. Formerly known as Hyundai Electronics, the company has manufacturing sites in Korea, the U.S., China and Taiwan....
 is a top semiconductor producer. Other companies currently or formerly controlled by members of Chung's extended family may be loosely referred to as a part of the Hyundai chaebol.

The Hyundai Group underwent massive restructuring following the 1997 East Asian financial crisis and the founder's death in 2001. Today, many companies bearing the Hyundai name are legally unrelated, with each company having a different chairman. Former components include Hyundai Group
Hyundai Group

Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
, Hyundai Kia Automotive Group
Hyundai Kia Automotive Group

File:HyundaiGenesisConcept.jpgFile:Eyes on Design 014.jpgFile:07-08 Hyundai Tiburon.jpgFile:Kia Soul Concept .jpgFile:2nd Hyundai Santa Fe.jpgFile:Hyundai Concept Red 2.jpeg...
, Hyundai Department Store Group
Hyundai Department Store Group

Hyundai Department Store Group operates the Hyundai Department Store chain of department stores in South Korea. In addition, the group operates a range of service industry businesses....
, Hyundai Heavy Industries Group
Hyundai Heavy Industries Group

The Hyundai Heavy Industries Group refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Heavy Industries regarded as de facto representative of the Group....
, and Hyundai Development
Hyundai Development

Hyundai Development is a South Korean company involved mainly in civil and architectural engineering. The company was established in 1976 as a part of Hyundai Group, but no longer is a part of it....
 Group. After the separation, Hyundai Group
Hyundai Group

Hyundai Group is a South Korean Conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company....
 focuses on elevators, container services, and tourism to Mount Kumgang.

Name and pronunciation

The word hyeondae (Korean
Korean language

Korean is the official language of North Korea and South Korea. It is also one of the two official languages in the Yanbian Korean Autonomous Prefecture in People's Republic of China....
: ??) is derived from hanja and means "modernity" in Korean and in languages that use Chinese characters. It is ("xjùn'dè|xyun'de") but is often pronounced in North America, as in the United Kingdom, as in Australia, and as in Japan. Early American advertising for the Hyundai Excel
Hyundai Excel

The Hyundai Excel , also known as the Hyundai Pony, Hyundai Presto and the Mitsubishi Precis, was the first front wheel drive car produced by Hyundai....
 car informed readers that the name "rhymes with Sunday" ("sundae"), which is similar to the correct Korean pronunciation.

See also

  • Chung Ju-yung
    Chung Ju-yung

    Chung Ju-yung was, along with his brothers, the founder of Hyundai Group, at one time South Korea's largest multinational conglomerate . The Hyundai Group was split up from the 1980s till recently into many satellite groups....
  • Economy of South Korea
    Economy of South Korea

    The economy of South Korea is a highly developed country trillion dollar club economy that is the List of Asian countries by GDP in Asia and List of countries by GDP in the world....


External links

  • [https://www.i-park.com/ Hyundai Development Group website]
  • Goltens signs agreement with Hyundai Heavy Industries
    Goltens

    Goltens is an independent repair specialist offering ship owners and OEMs all-inclusiveworldwide service. The core business of Goltens is to provide specialised repair, maintenance, recon services and trading of engineering components for the worldwide shipping, offshore marine, industrial plant and power station industries....