The Hyundai Motor Group (HMG; ; stylized as HYUNDAI) 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. Several dozen large South Kore ...

'' (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

, 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 Samsung Group (; stylised as SΛMSUNG) is a South Korean Multinational corporation, multinational manufacturing Conglomerate (company), conglomerate headquartered in the Samsung Town office complex in Seoul. The group consists of numerous a ...

and

SK Group SK Group () is a South Korean multinational manufacturing and services conglomerate headquartered in Seoul. A chaebol (Korean family-owned conglomerate), SK Group is the second largest such conglomerate by revenue in South Korea, after Samsun ...

, 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 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 flags ...

, 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 Hyund ...

History

The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% of Kia Motors. On May 22, 2022, the Hyundai Motor Group announced the company would invest an 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 Vehicular automation is using technology to assist or replace the operator of a vehicle such as a car, truck, aircraft, rocket, military vehicle, or boat. Assisted vehicles are ''semi-autonomous'', whereas vehicles that can travel without a ...

artificial intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

, and

robotics Robotics is the interdisciplinary study and practice of the design, construction, operation, and use of robots. Within mechanical engineering, robotics is the design and construction of the physical structures of robots, while in computer s ...

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

President Biden Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 and re ...

. On December 10, 2024, Hyundai allowed customers to buy Hyundai cars on

Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...

. They could pick it up at their local Hyundai dealership.

Businesses

The largest member of the ''chaebol'',

Hyundai Motor Company Hyundai Motor Company, often referred to as Hyundai Motors, ( ) and commonly known as Hyundai (), is a South Korean multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Seoul, South Korea, which ...

, has a stake in Kia, 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; ), founded 1919 in Paris, is an international trade association whose members are 39 national automotive industry trade associations. OICA facilitates communication among its mem ...

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

Toyota is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manuf ...

and German

Volkswagen Group Volkswagen AG (), known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery. Headquartered in Wolfsburg, Lower Saxon ...

. In 2023, it maintained its No. 3 position in the global market while widening its gap with the fourth-ranked Renault-Nissan-Mitsubishi Alliance. On 17 June 2024, Hyundai Motor India announced its commencement of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) process to list on the Mumbai-based

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...

. Hyundai Motor Group announced plans to invest a record $16.7 billion in South Korea in 2024, focusing on green technologies and future mobility, marking its largest annual investment commitment. Hyundai Motor Group Chairman Chung Eui-sun announced that he would invest 31 trillion won in the U.S. over four years, and Trump responded by saying he would exempt the company from tariffs.

Affiliates

Automobile *

* Kia Corporation (33.88%) *

Genesis Motor Genesis () is the luxury vehicle Brand (business), brand of the South Korean vehicle manufacturer Hyundai Motor Company. Initially envisioned along with plans for Hyundai's new luxury Hyundai Genesis, Genesis sedan in 2004, Genesis was announce ...

Ioniq Ioniq (stylized in all caps) is an Automotive industry, automotive sub-brand and a division of Hyundai Motor Company with headquarters in Seoul, South Korea. The sub-brand was established in 2020 as a sub-brand for Hyundai's electric vehicle li ...

Manufacturing * Hyundai Steel *

Hyundai Rotem Hyundai Rotem Company, often referred to as Hyundai Rotem (), is a South Korean manufacturer of railway rolling stock, railway signalling, defense products and plant equipment. It is a member of Hyundai Motor Group and has presence in more than ...

Auto parts *

Hyundai Mobis Hyundai Mobis Company Limited (), commonly known as Hyundai Mobis, is a public South Korean car parts company which is a member of Hyundai Motor Group. Founded in 1977, the company currently forms the "parts and service" arm for the South Korean ...

* Hyundai IHL *

Hyundai WIA Hyundai WIA Corporation (), formerly known as WIA (World Industries Ace; ) is a member of the Hyundai Motor Group and is the second biggest automotive parts manufacturer in South Korea. As one of the core companies of Hyundai Motor Group, it i ...

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) Finance * Hyundai Capital * Hyundai Card Others *

Boston Dynamics Boston Dynamics, Inc., 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 owne ...

* Hyundai AutoEver * Hyundai Glovis * Ionna (Joint venture)

Hydrogen

Hydrogen Wave global online forum was held on 7 September 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 2 kg hydrogen fuel tanks are located above the rear axle. Also, the 2nd generation fuel cell stacks, with the power of average 85 kW to maximum 95 kW, 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 500 kW. 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, 29 December 2021

Sports marketing

Hyundai Motor Company

* Jeonbuk Hyundai Motors FC *

FIFA World Cup The FIFA World Cup, often called the World Cup, is an international association football competition among the senior List of men's national association football teams, men's national teams of the members of the FIFA, Fédération Internatio ...

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

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 ...

International Ski Federation The International Ski and Snowboard Federation, also known as FIS (), is the highest international governing body for skiing and snowboarding. It was previously known as the International Ski Federation () until 26 May 2022 when the name was cha ...

International Cricket Council The International Cricket Council (ICC) is the global Sports governing body, governing body of cricket. It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England, and South Africa. In 1965, the body wa ...

Indian national cricket team The India men's national cricket team, also known as Men in Blue, represents India in international cricket. It is governed by the Board of Control for Cricket in India and is a full member nation of the International Cricket Council with ...

A-League A-League Men, also known as the Isuzu UTE A-League for sponsorship reasons, is a professional soccer league in Australia and New Zealand and the highest level of the Australian soccer league system. Established in 2004 as the A-League by the ...

Olympique Lyonnais Olympique Lyonnais (), commonly referred to as simply Lyon () or OL, is a French professional association football, football club based in Lyon, Auvergne-Rhône-Alpes, France. With origins dating back to 1899, they were founded in 1950 and p ...

PFC CSKA Moscow Professional Football Club CSKA (, derived from the historical name 'Центральный спортивный клуб армии', English language, English: ''Central Sports Club of the Army''), commonly referred to as CSKA Moscow or ''CSK ...

Millonarios Fútbol Club Millonarios Fútbol Club, known simply as Millonarios, is a Colombian professional football club based in Bogotá, that competes in the Categoría Primera A, top flight of football in Colombia. It is one of the most successful and iconic clubs ...

National Football League The National Football League (NFL) is a Professional gridiron football, professional American football league in the United States. Composed of 32 teams, it is divided equally between the American Football Conference (AFC) and the National ...

Super Bowl MVP The Super Bowl Most Valuable Player (MVP) award is presented annually to the most valuable player of the Super Bowl, the National Football League's (NFL) championship game. The winner is chosen by a panel of 16 football writers and broadcaster ...

presentation during the years

CBS CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainme ...

airs the

Super Bowl The Super Bowl is the annual History of the NFL championship, league championship game of the National Football League (NFL) of the United States. It has served as the final game of every NFL season since 1966 NFL season, 1966 (with the excep ...

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 princi ...

ICC Champions Trophy The ICC Champions Trophy, formerly known as the ICC Knock Out Trophy, is an international One Day International (ODI) cricket tournament organised by the International Cricket Council (ICC) contested by international men's teams. Inaugurat ...

Hyundai Tournament of Champions The Tournament of Champions, currently titled as The Sentry, 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 rest ...

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 Internationa ...

* FIS Ski-Flying World Championships *

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 eve ...

Carlton Football Club The Carlton Football Club, nicknamed the Blues, is a professional Australian rules football club based at Princes Park (stadium), Princes Park in Carlton North, Victoria, Carlton North, an inner suburb of Melbourne in Victoria, Australia. The c ...

Brisbane Lions The Brisbane Lions are a professional Australian rules football in Australia, Australian rules football club based in Brisbane, Queensland, that compete in the Australian Football League (AFL), the sport's elite competition. Brisbane are the ...

Raja Club Athletic Raja Club Athletic, widely known as Raja Casablanca or simply Raja, is a Football team, football club based in Casablanca, Morocco, that competes in Botola, the top flight of Moroccan football league system, Moroccan football. Founded on 20 M ...

Wydad Athletic Club Wydad Athletic Club (, ), often known outside Morocco as Wydad Casablanca, is a Moroccan sports club based in Casablanca. Wydad AC is best known for its professional football team that competes in Botola, the top tier of the Moroccan football l ...

Chelsea Football Club Chelsea Football Club is a professional football club based in Fulham, West London, England. The club was founded in 1905 and named after neighbouring area Chelsea. They compete in the Premier League, the top tier of English football, pl ...

* Major League Baseball

Kia

Kia Tigers The Kia Tigers () 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 members of the KBO League and are the most successful ...

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

Copa America Copa or COPA may refer to: COPA COPA may refer to: * Child Online Protection Act The Child Online Protection Act (COPA) was a United States law, law in the United States, United States of America, passed in 1998 with the declared purpose of ...

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

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

* FITA Archery World Cup * Kia Classic (

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

) *

Australian Open The Australian Open (stylized ΛO) is a tennis tournament organised by Tennis Australia annually at Melbourne Park in Melbourne, Victoria (state), Victoria, Australia. It is chronologically the first of the four Grand Slam (tennis), Grand Sl ...

* South Korea national speed skating team *

Sociedade Esportiva Palmeiras The 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 an ...

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 Londo ...

* Williams F1 Team *

Essendon Football Club The Essendon Football Club, nicknamed the Bombers or colloquially the Dons, is a professional Australian rules football club that plays in the Australian Football League (AFL), the game's premier competition. The club was formed by the McCrac ...

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 or Giants) are a professional Australian rules football club based in Sydney Olympic Park which repres ...

Rafael Nadal Rafael Nadal Parera (born 3 June 1986) is a Spanish former professional tennis player. He was ranked as the List of ATP number 1 ranked singles tennis players, world No. 1 in men's singles by the Association of Tennis Professionals (ATP) for ...

* Kia World Extreme Games * AC Monza *

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

* WNBA * G League

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

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 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