One of the top supplier for the Asian car market

Hyundai is a typical OEM with rich experience, an envious history, and a lot to show to the world. According to many official and unofficial charts, the company is a main supplier amongst the top car OEMs for the Asian automotive market. Indeed, the group has a big impact in countries such as Thailand, Japan, China, and of course its homeland – South Korea. The Hyundai Company was established right after the Second World War, in 1947, by Chung Ju-yung. It was first intended to be a construction firm. As a matter of fact, the founder Chung Ju-yung had control over the firm until his death in 2001.

A brief history

Right after the Chung's death, as well as after the large Asian financial crisis which began in 1997, the firm decided to change many things – its manufacturing and the entire inner organization. The company's job was restricted to several divisions, which are the following: the manufacturing of elevators, tourism, container shipping services, and other less popular and non-automotive goods.

So if you wonder how exactly then you can have a different product with the Hyundai Company brand, here is the simple explanation: most companies which use the company name are actually not parts of the Group. Such companies for instance are the Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group, and Hyundai Development Company.

As a matter of fact, most of these companies believe they do work for the Hyundai and were still under Chung`s control. Wondering how? They simply work for Chung`s living family and relatives, who are still in the automotive business. Legally this means that the firm’s new companies or segments, which were once rejected by the new directors, are actually working for the Hyundai Company which sounds a bit like Daimler. By the way, if those divisions remain parts of the group today, they would be considered as the largest company in South Korea.

Manufacturing and product portfolio

Speaking of all the divisions, as well as the official Hyundai Group, we can conclude that the company has a large and vast production portfolio. The conglomerate is one of the best in the following spheres – automobiles, auto engines, heavy industry, heavy trunk parts, aerospace, defense, steel, retail, construction, and engineering (which is crucial in this industry, especially when other Asian auto manufacturers such as Toyota and Nissan suffer from several million car-recalls).

Also, Kia was incorporated in order to form the final Hyundai Kia Automotive Group. The offices are in Seoul, South Korea. According to official statistics Kia sells up to 1.6 million units per year. On the other hand, the firm provides its supplies to more than 193 countries across the world – including its native Asia. Up to now, the Kia Group has more than 75 thousand employees based all around the world. The most popular vehicle models are Sonata and Elantra. The company also proves that it is well decided to surf on the electric concept wave with the presentation of the Kia Trail'ster and the Hyundai Tucson at diverse North American shows.

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