Hyundai Capital
 |
|
| Industry | Consumer Finance |
|---|---|
| Founded | 1993 |
| Headquarters | Seoul, South Korea |
|
Key people
|
Tae Young (Ted) Chung, CEO |
| Products |
Auto Financing Private Financing Corporate Financing |
| Revenue |
 KRW 1,970.7 bn (2016 3Q) |
|
KRW 323.2 bn (2016 3Q) |
|
|
KRW 277.1 bn (2016 3Q) |
|
| Website | https://www.hyundaicapital.com |
Hyundai Capital Services (Hangul:현대캐피탈) is a South Korean provider of consumer financial services ranging from auto-financing, private financing, and corporate financing. The company is a financial service unit of Hyundai Motor Group. Hyundai Capital has expanded to overseas markets, providing auto financing services in five countries outside Korea – the U.S., the U.K., China, Germany and Canada. Hyundai Capital also runs auto financing consultancies in Russia, Brazil, India, and Australia to support the sales of Hyundai and Kia cars at respective countries.
Hyundai Capital Services since 1993 had run under the name Hyundai Auto Finance overlooking automotive and housing finances until 1999, when it changed its name to Hyundai Capital Services. Hyundai Capital Services started its auto leasing business in 2001 with its inaugural product, “Just Drive.” In 2004, the company established strategic partnership with U.S. conglomerate General Electric. The partnership is said to have paved ways for the companies to share their know-hows and strength in a wide range of businesses including treasury, risk management, finance product design, IT and corporate culture. The company in 2005 founded Hyundai Capital Skywalkers professional volleyball team and completed Skywalkers multi-base camp, Castle of Skywalkers. In 2015, Hyundai Capital Services won the S&P credit ratings of A-. Hyundai Capital Service issued USD 500 million-worth green bond in March 2016, becoming the first private firm in Korea to issue such debt.
Hyundai Capital Services largely provides auto financing, private financing and corporate financing services. The auto financing service offers lease, rental services as well as new car installment loan, used car loan, direct used car loan. For the private financing service, the company offers credit Loan, car secured loan, housing mortgage loan, loan for lease, housing finance corporation. For the corporate financing service, the company provides corporate loan and corporate lease.
Hyundai Capital currently operates in 9 countries outside South Korea. Its financially-operating firms are based in the U.S., Canada, Germany, the U.K., and China. Offices in Russia, Brazil, India, Australia, and the EU provide financial consulting for Hyundai and Kia local distribution companies at respective countries.
Founded in 1989, Hyundai Capital America (HCA) is a part of the Hyundai Motor Group family of companies, supporting the financial services needs of Hyundai Motor America and Kia Motors America, Inc. HCA’s Treasury department was recognized as the 2015 Top Treasury Team in the annual Adam Smith Treasury Achievement awards competition of Treasury Today.
Established in 2014, Hyundai Capital Canada (HCCA) is headquartered in Toronto and operates under the service brands Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance. The company is a lease provider of Hyundai and Kia vehicles and continues to offer financial products tailored to meet the needs of Genesis, Hyundai, and Kia dealerships and customers.
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Wikipedia