HL Mando Corporation (), with headquarters in

Seoul, Korea 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 ...

, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to

General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...

Cadillac Cadillac Motor Car Division, or simply Cadillac (), is the luxury vehicle division (business), division of the American automobile manufacturer General Motors (GM). Its major markets are the United States, Canada and China; Cadillac models are ...

, Ford,

Chrysler FCA US, LLC, Trade name, doing business as Stellantis North America and known historically as Chrysler ( ), is one of the "Big Three (automobile manufacturers), Big Three" automobile manufacturers in the United States, headquartered in Auburn H ...

Chevrolet Chevrolet ( ) is an American automobile division of the manufacturer General Motors (GM). In North America, Chevrolet produces and sells a wide range of vehicles, from subcompact automobiles to medium-duty commercial trucks. Due to the promi ...

Nissan is a Japanese multinational Automotive industry, automobile manufacturer headquartered in Yokohama, Kanagawa, Japan. The company sells its vehicles under the ''Nissan'' and ''Infiniti'' brands, and formerly the ''Datsun'' brand, with in-house ...

, Kia Motors Company,

Fiat Fiat Automobiles S.p.A., commonly known as simply Fiat ( , ; ), is an Italian automobile manufacturer. It became a part of Fiat Chrysler Automobiles in 2014 and, in 2021, became a subsidiary of Stellantis through its Italian division, Stellant ...

Volkswagen Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it ...

BMW Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Th ...

Suzuki is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka Prefecture, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a va ...

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 ...

, 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 HL Group (), formerly Halla Group, is a South Korean chaebol that engages in automobile, construction, distribution/port, investment, education, and sports businesses in Korea and internationally. Its construction business comprises the provision ...

. It was handed over to Halla by Sunsage B.V, a daughter company of

JP Morgan JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance corporation headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by mar ...

. 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 Steering is the control of the direction of motion or the components that enable its control. Steering is achieved through various arrangements, among them ailerons for airplanes, rudders for boats, cylic tilting of rotors for helicopters, ...

parts,

Brake A brake is a machine, mechanical device that inhibits motion by absorbing energy from a moving system. It is used for Acceleration, slowing or stopping a moving vehicle, wheel, axle, or to prevent its motion, most often accomplished by means of ...

parts, and

Suspension Suspension or suspended may refer to: Science and engineering * Car suspension * Cell suspension or suspension culture, in biology * Guarded suspension, a software design pattern in concurrent programming suspending a method call and the calling ...

parts. Mando has recently opened a joint-venture company with

Hella ''Hella'' is an American English slang term originating in and often associated with San Francisco's East Bay area in Northern California, possibly specifically emerging in the 1970s African-American vernacular of Oakland. It is used as an i ...

, to produce ABS sensor software algorithm. Additionally, Mando is part of a

. which is composed of

Automobile A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...

Logistics Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the Consumption (economics), point of consumption according to the ...

Investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

Ground transportation Land transport is the transport or movement of people, animals or goods from one location to another location on land. This is in contrast with other main types of transport such as maritime transport and aviation. The two main forms of land tr ...

Education Education is the transmission of knowledge and skills and the development of character traits. Formal education occurs within a structured institutional framework, such as public schools, following a curriculum. Non-formal education als ...

Construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

, and

sports Sport is a physical activity or game, often competitive and organized, that maintains or improves physical ability and skills. Sport may provide enjoyment to participants and entertainment to spectators. The number of participants in ...

and

Entertainment Entertainment is a form of activity that holds the attention and Interest (emotion), interest of an audience or gives pleasure and delight. It can be an idea or a task, but it is more likely to be one of the activities or events that have deve ...

companies with over 10,000+ employees around the world. These companies are all part of the same ownership under one CEO.

History

Mando was created under the original founder of Halla Business Group, Mr. Chung In-Yung, (father of

Chung Mong-won Chung Mong-won (, born 4 August 1955) is a South Korean ice hockey administrator and businessman. He has served as chief executive officer of both Halla Group and Mando Corporation, founded the Anyang Halla hockey team in 1994, and co-founded As ...

and younger brother of

Chung Ju-yung Chung Ju-yung or Jung Joo-young (; 25 November 1915 – 21 March 2001) was a South Korean entrepreneur and the founder of Hyundai Group, Hyundai Group, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farme ...

who founded Hyundai Motor Company), on 1 October 1962. Initially, the company was named Hyundai International Inc. and changed its name to Mando Machinery Corporation in February 1980. In 1988, Mando opened the Brake System Plant in Pyeongtaek and two years later, opened the Munmak Steering System Plant (currently renamed Wonju operations). By 1995, Mando Machinery had a suspension system plant in Iksan as well as a dedicated R&D center. Mando America Corporation (MAC) was founded in 1996. In 1999, during the financial crisis, Mando was sold to Sunsage and was promptly renamed as Mando Corporation. Halla Group repurchased Mando Corporation subsequently. As of 2013, Mando Corporation has six affiliated locations within Michigan, Alabama, and Georgia in the United States. Its headquarters is in Seoul, South Korea. Its affiliates have a 1300-employee presence in North and South America. It is projected that Mando's affiliates will employ roughly 2,400 employees in the United States alone by 2017. In the overall scope, Mando Corporation has corporate offices, research & development facilities, assembly lines, casting plants, and other various functions worldwide such as China, Turkey, Brazil, India, Japan, Sweden, Germany, Poland, Australia, and Malaysia. Worldwide, the manufacturer employs over 10,000+ workers, and has an annual revenue of more than $6 billion. Mando Corporation provides a highly advanced and quality brakes, suspension, and steering parts to

, Ford,

Hyundai Hyundai is a former South Korean industrial conglomerate ("''chaebol''"), which was restructured into the following groups: * Hyundai Group, parts of the former conglomerate which have not been divested ** Hyundai Asan, a real estate construction ...

Kia Kia Corporation (, formerly known as Kyungsung Precision Industry (京城精密工業) and Kia Motors Corporation) is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second larges ...

, and many other automobile manufacturers worldwide.

Products

Mando products include - * Brake Systems - Drum Brake - Master Cylinder & Booster - ABS, ESC, AHB - EPB, MoC * Steering Systems - Steering Gear System - Manual Steering Gear - Hydraulic Power Steering Gear - Intermediate shaft - Steering Column - Electric Power Steering (DP-EPS, R-EPS, C-EPS) * Suspension Systems - Damper Spring Module - Shock Absorber - Suspension Strut - Self-Levelizer - Semi-Active Suspension * Driver Assistance Systems - Smart Cruise Control - Lane Keeping Assist System - Smart Parking Assist System - Blind Spot Detection - Autonomous Emergency Braking * Electronics-Iron Casting - Power Pack - Yaw & G Sensor - Ultrasonic Sensor - Torque Sensor - Torque Angle Sensor - 77 GHz/24 GHz Radar - Front Camera Module

Legal

In 2016, Mando was served with two separate

patent infringement A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A ...

lawsuits from Bosch GmbH and Jaguar Land Rover Limited for multiple products. This is in addition to Nexteer Automotive Corporation v. Mando America Corporation alleging

trade secret A trade secret is a form of intellectual property (IP) comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its conf ...

theft and other numerous claims. Mando is not new to lawsuits as it has faced lawsuits regarding various

discrimination Discrimination is the process of making unfair or prejudicial distinctions between people based on the groups, classes, or other categories to which they belong or are perceived to belong, such as race, gender, age, class, religion, or sex ...

claims in the past.

References

External links

* {{Automotive industry in South Korea Auto parts suppliers of South Korea Manufacturing companies established in 1962 South Korean brands South Korean companies established in 1962 Companies listed on the Korea Exchange Companies in the KOSPI 200