Hyundai Motor Group

Hyundai Motor Group
Native name
현대자동차그룹
Company typePublic
Founded1998; 26 years ago (1998)
HeadquartersSeoul, South Korea
Area served
Worldwide
Key people
Chung Mong-koo (honorary chairman)
Chung Eui-sun (executive chairman & CEO)
Production output
Increase 3,890,726 vehicles (2021)
RevenueIncrease US$224.1 billion (2018)
Decrease US$5.22 billion (2018)
Total assetsIncrease US$313.5 billion (2018)
Number of employees
292,575 (2021)[1]
SubsidiariesSee § Affiliates
Websitewww.hyundaimotorgroup.com

The Hyundai Motor Group (HMG; IPA: [ˈhjəːndɛ];[2] stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central holding company or ownership structure)[3][4] headquartered in Seoul, South Korea.

The HMG 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 third-largest South Korean chaebol, after Samsung and SK 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.

  1. ^ "Corporate Performance About us Hyundai Motor Group". Retrieved 2 January 2024.
  2. ^ Korean현대자동차그룹 Hyeondae Jadongcha Geurup; Hanja現代自動車그룹; RRHyeondae Jadongcha Geurup;
  3. ^ Pae, Peter (29 August 2019). "South Korea's Chaebol". Bloomberg L.P. Retrieved 11 August 2021.
  4. ^ "Legal". Hyundai Motor Group. Retrieved 11 August 2021. Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity