Hyundai Sungwoo Holdings Co, Ltd. (Hangeul: 현대성우홀딩스(주)) is a South Korean
automotive and
auto parts
This is a list of auto parts, mostly for vehicles using internal combustion engines which are manufactured components of automobiles:
Car body and main parts Body components, including trim
Doors
Windows
Low voltage/auxiliary ele ...
company 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
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
.
Chung Soon-yung, the younger brother of Hyundai Group founder
Chung Ju-yung
Chung Ju-yung or Jung Joo-young (; November 25, 1915 – March 21, 2001), was a South Korean entrepreneur, businessman and the founder of Hyundai Groups, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farm ...
, established Sungwoo Automotive in 1987 as part of the Sungwoo Group, which operated Hyundai Cement, Sungwoo Construction, and
Hyundai Sungwoo Ski Resort.
Youngest son of Chung Soon-yung, Chung Mong-yong took over the company in the lat 1990s and has expanded the company's products from iron castings to alloy wheels, batteries, and more. The company has changed its name to Hyundai Sungwoo Automotive Korea in the 2000s and now operates as Hyundai Sungwoo Holdings. Hyundai Sungwoo Holdings serves as the parent company, with subsidiaries including Hyundai Sungwoo Casting (Iron Castings and Brake Discs), Hyundai Sungwoo Solite (Automotive and Industrial Batteries), Hyundai Sungwoo Metal (Alloy Wheels), and global establishments in USA under Hyundai Sungwoo Auto USA and China under Hyundai Sungwoo Longkou. The current CEO of Hyundai Sungwoo Holdings is Chung Mong-yong, younger cousin of Hyundai Motor Group Chairman
Chung Mong Koo
Chung Mong-koo (born March 19, 1938, in Kangwon Province) is a South Korean businessman. He is the honorary chairman and former CEO of Hyundai Motor Group, Korea's second largest chaebol that manages 54 subsidiaries including Hyundai Motor, Kia ...
. The company specializes in customized engine parts, suspension parts, alloy wheels, and other car accessories.
Products
Hyundai Sungwoo Automotive Korea's principal products are:
*engine parts;
*suspension parts;
*alloy wheels; and
*automotive/industrial batteries.
Motorsport
Hyundai Sungwoo Group has been supporting
Motorsports
Motorsport, motorsports or motor sport is a global term used to encompass the group of competitive sporting events which primarily involve the use of motorized vehicles. The terminology can also be used to describe forms of competition of two ...
in South Korea for over twenty years. The company officially established its own racing arm, Indigo Racing Team, in 1997. The longest running racing team in Korea - Indigo Racing Team has competed in various GT, touring car and open wheel racing series primarily in South Korea. Following its 20th anniversary, the team announced its plans to enter global races partnering with automakers in their customer racing programs. Most recently, the team has partnered with
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 ...
to enter i30 N TCR in the TCR Asia Series in 2019 following the clinching of the TCR Korea Touring Car Series Title in 2018. The team also has partnered with AMG Customer Racing Department to operate the AMG GT3 in
2019 Blancpain GT World Challenge Asia
The 2019 GT World Challenge Asia (known for sponsorship reasons as the 2019 Blancpain GT World Challenge Asia) was the third season of SRO Motorsports Group and Team Asia One GT Management's GT World Challenge Asia, an auto racing series for gran ...
and
2018 Blancpain GT Series Asia
The 2018 Blancpain GT Series Asia was the second season of SRO Motorsports Group and Team Asia One GT Management's Blancpain GT Series Asia, an auto racing series for grand tourer cars in Asia. The races were contested with GT3-spec and GT4-spec ...
. Indigo Racing Team's Title sponsor company is Solite Battery, hence officially operating under Solite Indigo Racing.
See also
*
Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nati ...
*
Hyundai Hyundai is a 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 Mobis, Korean car parts company
** Hyundai ...
References
External links
Hyundai Sungwoo Automotive Korea homepage
Auto parts suppliers of South Korea
Automotive motorsports and performance companies
Automotive companies established in 1987
Motor vehicle battery manufacturers
Manufacturing companies based in Seoul
South Korean brands
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