HL Mando

HL Mando Corporation

Native name	에이치엘만도 주식회사
Company type	Public
Traded as	KRX: 204320
Industry	Automotive Industry
Founded	September 1, 1962 (1962-09-01) (Reincorporated in 1999 and 2014)
Founder	Chung In-yung
Headquarters	Seongnam, Gyeonggi-do , South Korea
Number of locations	64 Geographic Presence (2016)
Area served	Worldwide
Key people	Chung Mong-won (Chairman)
Products	Brake, Steering, Suspension Systems, Chassis, Automotive Components, Automotive Safety and ADAS
Production output	4 million parts a year
Services	Design, Research and Development
Net income	KRW₩ 7.01 trillion (2008); $ 5.6 billion (2012)
Total assets	KRW₩ 47 billion (2017)
Number of employees	11,855 (2017)
Website	hlmando.com

HL Mando Corporation (Korean: 에이치엘만도 주식회사), 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.^[1] It was handed over to Halla by Sunsage B.V, a daughter company of JP Morgan.^[2]

In 2014, Mando was split into two companies, with the legal successor changing its name to Halla Holdings and a new entity named Mando being created. This was done to create a holding company.

Mando has three main areas of business: Steering parts, Brake parts, and Suspension parts. Mando has recently opened a joint-venture company with Hella, to produce ABS sensor software algorithm.^{[citation needed]}

Additionally, Mando is part of a Halla Group.^[3] which is composed of Automobile, Logistics, Investment banking, Ground transportation, Education, Construction, and sports and Entertainment companies with over 10,000+ employees around the world. These companies are all part of the same ownership under one CEO.