The Hyundai Motor Group (HMG; ; ; stylized as HYUΠDAI) is a South Korean ''

chaebol A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exc ...

'' (loosely similar to a multinational

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

but without a central holding company or ownership structure) headquartered in

Seoul Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...

, 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 ''De facto'' ( ; , "in fact") describes practices that exist in reality, whether or not they are officially recognized by laws or other formal norms. It is commonly used to refer to what happens in practice, in contrast with ''de jure'' ("by la ...

'' representative of the group. It is the third-largest South Korean ''chaebol'', after

Samsung Group The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ...

and

SK Group SK Group (Korean: SK그룹, 에스케이그룹) is the second largest South Korean chaebol behind Samsung Group. SK Group is composed of 186 subsidiaries and affiliates that share the SK brand name and the group's management culture, named SKMS ( ...

, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group,

Hyundai Heavy Industries Group HD Hyundai () is one of the largest South Korean conglomerates engaged in shipbuilding, heavy equipment, machine, and petroleum. HHI Group is controlled by HD Hyundai Co., Ltd. (), formerly known as Hyundai Heavy Industries Holdings Co., Ltd. B ...

Hyundai Development Company Group HDC Group is a large Korean ''chaebol'' (conglomerate). It is active in a wide array of business fields including property, petrochemicals, retail, leisure, sports, and finance. The current chairman of HDC Group is Chung Mong-Gyu. History Hyund ...

Hyundai Department Store Group Hyundai Department Store Group () is a South Korean retail conglomerate that spun off from Hyundai Group in 1999. The company began as Keumgang Development Industries established in 1971. It opened its first store in Ulsan in 1977. The flagshi ...

, and

Hyundai Marine & Fire Insurance Hyundai Marine & Fire Insurance Co., Ltd. () is an insurance company headquartered in Seoul, South Korea. It is one of the largest non-life insurers in South Korea alongside Samsung Fire & Marine, DB Insurance, and KB Insurance. History Hyunda ...

History

The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of March 31, 2011, Hyundai owns 33.7% of Kia Motors. On May 22, 2022, the Hyundai Motor Group announced the company would invest in additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as; urban air mobility,

autonomous driving A self-driving car, also known as an autonomous car, driver-less car, or robotic car (robo-car), is a car that is capable of traveling without human input.Xie, S.; Hu, J.; Bhowmick, P.; Ding, Z.; Arvin, F.,Distributed Motion Planning for S ...

artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...

, and

robotics Robotics is an interdisciplinary branch of computer science and engineering. Robotics involves design, construction, operation, and use of robots. The goal of robotics is to design machines that can help and assist humans. Robotics integrat ...

. The investments were announced during a visit to South Korea by President Biden.

Businesses

The largest member of the ''chaebol'',

Hyundai Motor Company Hyundai Motor Company, often abbreviated to Hyundai Motors ( ) and commonly known as Hyundai (, ; ), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company o ...

, has a controlling stake in

Kia Kia Corporation, commonly known as Kia (, ; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second lar ...

, and they are the largest and second largest car manufacturers in the country respectively. Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target. In 2017 the Group sold 7.25 million vehicles, the lowest in five years at that point. According to the

Organisation Internationale des Constructeurs d'Automobiles The International Organization of Motor Vehicle Manufacturers (OICA; french: Organisation internationale des constructeurs automobiles), founded 1919 in Paris, is an international trade association whose members are 39 national automotive industry ...

, it was the world's third-largest vehicle manufacturer by production volume in 2017, behind Japanese

Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...

and German

Volkswagen Group Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial ...

Affiliates

* Automobile **

Genesis Motor Genesis Motor, LLC, commonly referred to as Genesis ( ko, 제네시스, translit=Jenesiseu), is the luxury vehicle division of the South Korean vehicle manufacturer Hyundai Motor Company. Initially envisioned along with plans for Hyundai's ne ...

Ioniq Ioniq (stylized as IONIQ) is an automotive marque and a division of Hyundai Motor Company with headquarters in Seoul, South Korea. The marque was established in 2020 as a sub-brand for Hyundai's electric vehicle line-up. The sub-brand is slate ...

* Manufacturing **

Hyundai Steel Hyundai Steel Co., Ltd, or HSC (formerly known as HYU, and Crab Iron & Steel Co., Ltd.) is a steel making company headquartered in Incheon and Seoul, South Korea, and a member of the Hyundai Motor Group. It manufactures a wide variety of produc ...

Hyundai Rotem Hyundai Rotem (founded in 1977) is a South Korean company that manufactures rolling stock, defense products and plant equipment. It is a part of the Hyundai Motor Group. Its name was changed from Rotem to Hyundai Rotem in December 2007 to refl ...

* Auto parts **

Hyundai Mobis Hyundai Mobis (short for ''Mobile'' and ''System'') is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation ( ko, 현대정공/現代精工) in 1977, the company forms the "parts and service" arm for the ...

** Hyundai IHL ** Hyundai Wia * Construction **

Hyundai Engineering & Construction Hyundai Engineering and Construction Co., Ltd. (HDEC; ) 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 ...

Hyundai Engineering (HEC) Hyundai Engineering (HEC) or Hyundai Engineering Co. is a company established in 1974, that does engineering work covering the entire project life cycle, including feasibility study, basic and detailed design, procuring, commissioning and operat ...

* finance **

Hyundai Capital Hyundai Capital Services (Hangul:현대캐피탈) is a South Korean provider of consumer financial services ranging from auto-financing, private financing, and corporate financing. The company is a financial service unit of Hyundai Motor Group ...

Hyundai Card Hyundai Card (Hangul:현대카드) is a credit card company under Hyundai Motor Group headquartered in Seoul, South Korea. In 1995, Hyundai Motor Group acquired Diners Club Korea, and changed its name to Hyundai Card in 2001. The company’s str ...

* Others **

Boston Dynamics Boston Dynamics is an American engineering and robotics design company founded in 1992 as a Research spin-off, spin-off from the Massachusetts Institute of Technology. Headquartered in Waltham, Massachusetts, Boston Dynamics has been owned by th ...

Hyundai Glovis Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transp ...

Hyundai AutoEver Hyundai AutoEver () is an automobile sales internet company. It is part of Hyundai Motor Group. It was established in 2000, with headquarters are in Seoul, South Korea. Hyundai AutoEver is owned by the Hyundai Motor Company and Kia Motors to s ...

Hydrogen

Hydrogen Wave global online forum was held on September 7, 2021. Hyundai Motor Group (the Group) set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040. Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines Hydrogen Fuel Cell System and PE System developed under collaboration with Limak. Hydrogen Fuel Cell System is utilized as a main power source during FK’s low speed driving or for the management of battery condition. Two of 2kg hydrogen fuel tanks are located above rear axle. Also, the 2nd generation fuel cell stacks, with the power of average 85kW to maximum 95kW, are located above the front axle. PE System that consists of two motor drives, decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500kW. In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.Dow, Jameson
"Hyundai pauses Genesis hydrogen fuel cell project just days after ending ICE engines"
Electrek, December 29, 2021

Sports marketing

Hyundai Motor Company

Jeonbuk Hyundai Motors FC Jeonbuk Hyundai Motors ( ko, 전북 현대 모터스) is a South Korean professional football club based in Jeonju, North Jeolla Province that competes in the K League 1, the top tier of South Korean football. Playing at the Jeonju World Cup St ...

FIFA World Cup The FIFA World Cup, often simply called the World Cup, is an international association football competition contested by the senior men's national teams of the members of the ' ( FIFA), the sport's global governing body. The tournament ha ...

UEFA Euro The UEFA European Football Championship, less formally the European Championship and informally the Euro, is the primary association football tournament organised by the Union of European Football Associations (UEFA). The competition is contes ...

Korea Football Association The Korea Football Association () is the governing body of football and futsal within South Korea. It sanctions professional, semi-professional and amateur football in South Korea. Founded in 1933, the governing body became affiliated with F ...

International Ski Federation The ''Fédération internationale de ski et de snowboard'' (FIS; en, International Ski and Snowboard Federation) is the highest international governing body for skiing and snowboarding. Founded on 2 February 1924 in Chamonix, France during the ...

International Cricket Council The International Cricket Council (ICC) is the world governing body of cricket. Headquartered in Dubai, United Arab Emirates, its members are List of International Cricket Council members, 108 national associations, with 12 List of Internation ...

Indian national cricket team The India men's national cricket team, also known as Team India or the Men in Blue, represents India in men's international cricket. It is governed by the Board of Control for Cricket in India (BCCI), and is a Full Member of the International ...

A-League A-League Men (known as the Isuzu UTE A-League for sponsorship reasons) is the highest-level professional men's soccer league in Australia and New Zealand. At the top of the Australian league system, it is the country's premier men's competiti ...

Olympique Lyonnais Olympique Lyonnais (), commonly referred to as simply Lyon () or OL, is a men and women's French professional football club based in Lyon in Auvergne-Rhône-Alpes. The men play in France's highest football division, Ligue 1. Founded in 1950, th ...

PFC CSKA Moscow Professional Football Club CSKA (russian: link=yes, Профессиональный футбольный клуб – ЦСКА, derived from the historical name 'Центральный спортивный клуб армии', English l ...

Millonarios Fútbol Club Millonarios Fútbol Club is a professional Colombian football team based in Bogotá, that currently plays in the Categoría Primera A. They play their home games at the El Campín stadium. Millonarios was initially created in 1937 by students ...

National Football League The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the ...

Hyundai Motorsport Hyundai Motorsport GmbH (HMSG) is a division of South Korean automaker Hyundai Motor Company responsible for the brand's global motorsport activities. The company was established in December 2012 and is based in Alzenau, Germany. Their principa ...

ICC Champions Trophy The ICC Champions Trophy is a One-Day International (ODI) cricket tournament organised by the International Cricket Council. The 2013 tournament was intended to be the final edition of the Champions Trophy, but it was extended to 2017 due to i ...

Hyundai Tournament of Champions The Sentry Tournament of Champions is the calendar-year opening tournament of golf's PGA Tour season, played in Hawaii on the island of Maui. The tournament was founded in 1953; for most of its history the field was restricted to golfers who won a ...

FIS Ski Jumping World Cup The FIS Ski Jumping World Cup is the world's highest level of ski jumping and the FIS Ski Flying World Cup as the subdivisional part of the competition. It was founded by Torbjørn Yggeseth for the 1979/80 season and organized by the Internation ...

FIS Ski-Flying World Championships The FIS Ski Flying World Championships is a ski flying event organised by the International Ski Federation and held every two years. The event takes place on hills much larger than ski jumping hills, with the K-point set between and . Unlike o ...

FIS Nordic World Ski Championships The FIS Nordic World Ski Championships is a biennial nordic skiing event organized by the International Ski Federation (FIS). The World Championships was started in 1925 for men and opened for women's participation in 1954. World Championship e ...

Carlton Football Club The Carlton Football Club, nicknamed the Blues, is a professional Australian rules football club that competes in the Australian Football League (AFL), the sport's top professional competition. Founded in 1864 in Carlton, an inner suburb of Mel ...

Brisbane Lions The Brisbane Lions is a professional Australian rules football club based in Brisbane, Queensland, that plays in the Australian Football League (AFL). The club was formed in late 1996 via a merger of the Melbourne-based 1883 foundation VFL c ...

Raja Club Athletic Raja Club Athletic ( ar, نادي الرجاء الرياضي, Nādī ar-Rajāʾ ar-Riyāḍī, zgh, ⴰⵙⵔⵉⵔ ⵏ ⵕⴰⵊⴰ ⴰⵎⴰⵏⵓⵏ), commonly referred to as Raja CA, Raja Casablanca or simply RCA is a professional footb ...

Wydad Athletic Club Wydad Athletic Club ( ar, نادي الوداد الرياضي, ) commonly referred to as Wydad AC and known as Wydad, or simply as WAC, is a Moroccan sports club based in Casablanca. Wydad AC is best known for its professional Association footba ...

Chelsea Football Club Chelsea Football Club is an English professional football club based in Fulham, West London. Founded in 1905, they play their home games at Stamford Bridge. The club competes in the Premier League, the top division of English football. The ...

* Major League Baseball

Kia

Kia Tigers Kia Tigers ( ko, KIA 타이거즈) are a South Korean professional baseball team founded in 1982 and based in the southwestern city of Gwangju. Until 2001, they were known as the Haitai Tigers. The Tigers are a members of the KBO League and are ...

UEFA European Championship The UEFA European Football Championship, less formally the European Championship and informally the Euro, is the primary association football tournament organised by the Union of European Football Associations (UEFA). The competition is contes ...

Copa America Copa or COPA may refer to: COPA COPA may refer to: * Computer Operator Programming Assistant. trade of ITI * Child Online Protection Act, a former U.S. law to protect minors from certain material on the internet * Canadian Owners and Pilots Asso ...

National Basketball Association The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...

Liga ACB The Liga ACB, known as Liga Endesa for sponsorship reasons, is the top professional basketball division of the Spanish basketball league system. Administrated by the Asociación de Clubs de Baloncesto (ACB), Liga ACB is contested by 18 teams, wi ...

FITA Archery World Cup The Archery World Cup is a competition, started in 2006, organized by the World Archery Federation, where the archers compete in four stages in four countries and the best eight archers of each category (from 2010, four archers during 2006-09) ad ...

Kia Classic The JTBC Classic Presented by Barbasol, formerly the Kia Classic, is a women's professional golf tournament in Southern California on the LPGA Tour. It debuted in 2010 at the La Costa Resort and Spa in Carlsbad, then moved north for a year in ...

(

LPGA The Ladies Professional Golf Association (LPGA) is an American organization for female golfers. The organization is headquartered at the LPGA International in Daytona Beach, Florida, and is best known for running the LPGA Tour, a series of weekl ...

) *

Australian Open The Australian Open is a tennis tournament held annually at Melbourne Park in Melbourne, Australia. The tournament is the first of the four Grand Slam tennis events held each year, preceding the French Open, Wimbledon, and the US Open. Th ...

* South Korea national speed skating team *

Sociedade Esportiva Palmeiras Sociedade Esportiva Palmeiras (), commonly known as Palmeiras, is a Brazilian professional football club based in the city of São Paulo, in the district of Perdizes. Palmeiras is one of the most popular clubs in South America, with around ...

Surrey County Cricket Club Surrey County Cricket Club (Surrey CCC) is a first-class club in county cricket, one of eighteen in the domestic cricket structure of England and Wales. It represents the historic county of Surrey, including areas that now form South London ...

Williams F1 Team Williams Grand Prix Engineering Limited, currently racing in Formula One as Williams Racing, is a British Formula One motor racing team and constructor. It was founded by former team owner Frank Williams (Formula One), Frank Williams and aut ...

Essendon Football Club The Essendon Football Club, nicknamed the Bombers, is a professional Australian rules football club. The club plays in the Australian Football League (AFL), the game's premier competition. The club was formed by the McCracken family in their A ...

Greater Western Sydney Giants The Greater Western Sydney Giants (officially the Greater Western Sydney Football Club and colloquially known as the GWS Giants or simply GWS) are a professional Australian rules football team based in Sydney Olympic Park, which represents the ...

Rafael Nadal Rafael Nadal Parera (, ; born 3 June 1986) is a Spanish professional tennis player. He is currently ranked world No. 2 in singles by the Association of Tennis Professionals (ATP). He has been ranked List of ATP number 1 ranked singles tennis ...

* Kia World Extreme Games * AC Monza *

NBA The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United St ...

* WNBA *

G League The NBA G League, or simply the G League, is the National Basketball Association's (NBA) official minor league basketball organization. The league was known as the National Basketball Development League (NBDL) from 2001 to 2005, and the NBA Dev ...

Other affiliate teams

Ulsan Mobis Phoebus The Ulsan Hyundai Mobis Phoebus is a professional basketball club in the Korean Basketball League. History Foundation and amateur era Before the professional Korean Basketball League was established in 1997, domestic basketball was an amateur s ...

Cheonan Hyundai Capital Skywalkers Cheonan Hyundai Capital Skywalkers is a South Korean professional volleyball team. The team was founded in 1983 and became fully professional in 2005. They are based in Cheonan and are members of the Korea Volleyball Federation (KOVO). Their ho ...

* Suwon Hyundai E&C Volleyball Team *

Incheon Hyundai Steel Red Angels The Incheon Hyundai Steel Red Angels Women's Football Club is a South Korean women's football team based in Incheon. The club was founded in 1993. The club has won ten consecutive WK League titles from 2013 to 2022. Current squad ...

Campaign

* 2015 Going Home - Enabling displaced people to virtually visit their hometown by using 3D restoration technology * 2017 Chatty School Bus - School bus for hearing-impaired children applied with sketchbook window technology * 2018 The Quiet taxi - Taxi applied with audio-tactile conversion (ATC) system for hearing-impaired taxi driver * 2020 Little Big e-Motion - Kids mobility featuring emotion recognition technology * 2021 Dear My Hero - Improving sanitation workers' work environment through hydrogen garbage truck

References

External links

* {{Authority control Battery electric vehicle manufacturers Vehicle manufacturing companies established in 2000 Conglomerate companies of South Korea Chaebol Conglomerate companies established in 2000 South Korean companies established in 2000 Manufacturing companies based in Seoul