Hyundai Group
| Hyundai Group | |
.svg){kind=logo} |
|
| Korean name | |
|---|---|
| Hangul | 현대 |
| Hanja | 現代 |
| Revised Romanization | Hyeondae |
| McCune–Reischauer | Hyŏndae |
Hyundai Group (IPA: [hjə́ːndɛ]) is a South Korean conglomerate (Chaebol) founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second biggest chaebol. The company spun off many of its better known businesses after the 1997 Asian financial crisis, including Hyundai Automotive Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group.
The Hyundai Group now focuses on elevators, container services, and tourism to Mount Kumgang. As of March 2007, Hyundai Engineering and Construction is the main shareholder of Hyundai Merchant Marine, which is the de facto holding company of Hyundai Group.
As of February 2007, these are the affiliated companies of the Hyundai Group.
Before restructuring (beginning circa 2000), Hyundai's major areas of activity included shipbuilding, car manufacture, construction, retailing, finance, and electronics. After founder Chung Ju-yung's death in 2001, the component companies of Hyundai were split off into separate companies.
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