Hyundai Motor Group
The Hyundai Motor Group (HMG; IPA: [ˈhjəːndɛ]; stylized as HYUNDAI) is a South Korean chaebol (loosely similar to a multinational conglomerate but without a central holding company or ownership structure) headquartered in Seoul, South Korea.
Global headquarters in Seoul | |
Native name | 현대자동차그룹 |
|---|---|
| Company type | Chaebol |
| Founded | 1998 |
| Headquarters | Seoul, South Korea |
Area served | Worldwide |
Key people | Chung Mong-koo (Honorary Chairman) Chung Eui-sun (Executive Chairman & CEO) |
Production output | 3,890,726 vehicles (2021) |
| Revenue | US$224.1 billion (2018) |
Net income | US$5.22 billion (2018) |
| Total assets | US$313.5 billion (2018) |
Number of employees | 292,575 (2021) |
| Subsidiaries | See § Affiliates |
| Website | hyundaimotorgroup |
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 Group and SK Group, 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, and Hyundai Marine & Fire Insurance.