Hyundai Motor Group

Hyundai Motor Group
Native name
현대자동차그룹
TypePublic
Founded1998; 28 years ago (1998)
HeadquartersSeoul, South Korea
Area served
Worldwide
Key peopleChung Mong-koo (honorary chairman)
Chung Eui-sun (Executive Chairman & CEO)
Chang Jae-hoon (Vice Chairman)
Production output
Increase 7,272,453 vehicles (2025)
Revenue₩295.1 trillion (2025) (US$220.2 billion)
₩15.8 trillion (2025) (US$11.8 billion)
₩15.3 trillion (2025) (US$11.4 billion)
Total assets₩320.8 trillion (2025) (US$239.4 billion)
Number of employees
292,575 (2021)
SubsidiariesSee § Affiliates
Websitewww.hyundaimotorgroup.com Edit this at Wikidata
Hyundai Motor Group
Hangul
현대자동차그룹
Hanja
現代自動車그룹
RRHyeondae jadongcha geurup
MRHyŏndae chadongch'a kŭrup
IPA[hjəːndɛ]

The Hyundai Motor Group (HMG; IPA: [ˈçjəːndɛ]; 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.

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 and SK Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in the creation of Hyundai Motor Group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, and Hyundai Marine & Fire Insurance.

History

The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% of Kia Motors. [needs update]

In June 2021, Hyundai Motor, Hyundai Mobis, Hyundai Glovis, and Hyundai Motor Group Executive Chair Chung Eui-sun collectively purchased an 80% stake in Boston Dynamics, which had been under SoftBank Group's ownership.

On May 22, 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as urban air mobility, autonomous driving, artificial intelligence, and robotics. The investments were announced during a visit to South Korea by former President Joe Biden. [needs update]

On December 10, 2024, Hyundai allowed customers to buy Hyundai cars on Amazon. They could pick it up at their local Hyundai dealership.[citation needed]

In August 2026, 40,000 Hyundai Motor union members in South Korea held a one-day strike, seeking higher pay.

Businesses

The largest member of the chaebol, Hyundai Motor Company, has a stake in Kia, and they are the largest and second largest car manufacturers in the country respectively. Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target. In 2017 the Group sold 7.25 million vehicles, the lowest in five years at that point. From 2022 to 2024 it was the world's third-largest automaker by sales, behind Toyota and Volkswagen Group. In 2024 Hyundai and Kia sold 7.23 million vehicles combined.

On 17 June 2024, Hyundai Motor India announced its commencement of an initial public offering (IPO) process to list on the Mumbai-based Bombay Stock Exchange.

Hyundai Motor Group announced plans to invest a record $16.7 billion in South Korea in 2024, focusing on green technologies and future mobility, marking its largest annual investment commitment.

Hyundai Motor Group Chairman Chung Eui-sun announced that he would invest 31 trillion won in the U.S. over four years, and Trump responded by saying he would exempt the company from tariffs.

In August 2026, Hyundai Motor and Kia were reported to have obtained a U.S. patent for a shared vehicle system that detects inattentive driving and automatically switches to autonomous mode, with fares calculated based on manual and autonomous driving time. The invention, first filed in South Korea in 2020, remained under examination by the Korean Intellectual Property Office as of August 2026 after a November 2025 rejection for lack of inventive step and a March 2026 rebuttal narrowing the patent claims.

Affiliates

Automobile

Manufacturing

Auto parts

Construction

Finance

Others

Hydrogen

The Hydrogen Wave global online forum was held on 7 September 2021. Hyundai Motor Group set out the vision of the hydrogen business and the substance of hydrogen fuel cells and hydrogen mobility. In addition, the Group has set out Hydrogen Vision 2040.

Vision FK, a high-performance hydrogen fuel cell vehicle, was unveiled. Vision FK does not use standard, common vehicle parts and combines the Hydrogen Fuel Cell System and PE System developed under collaboration with Limak. The Hydrogen Fuel Cell System is utilized as a main power source during FK's low speed driving or for the management of battery condition. Two 2 kg hydrogen fuel tanks are located above the rear axle. The 2nd generation fuel cell stacks, with average power of 85 kW to maximum 95 kW, are located above the front axle. The PE System, which consists of two motor drives, a decelerator, inverter, and battery, helps to exercise power during the high speed or dynamic driving. The total output of two motor drives applied to the rear-wheel is over 500 kW.

In December 2021, Hyundai suspended development of its Genesis, and possibly its other, hydrogen cars.

Sports marketing

Hyundai Motor Company

Kia

Other affiliate teams

See also

References

  1. 1 2 3 4 "기업집단별 경영성과 현황" [Business results by business group]. 기업집단포털 (in Korean). Korea Fair Trade Commission. 2026 designation, 현대자동차 row. Retrieved 1 October 2026. Combined figures of the group's 74 affiliates for fiscal year 2025, not consolidated accounts.
  2. ↑ "Corporate Performance About us Hyundai Motor Group". Retrieved 2 January 2024.
  3. ↑ Pae, Peter (29 August 2019). "South Korea's Chaebol". Bloomberg L.P. Retrieved 11 August 2021.
  4. ↑ "Legal". Hyundai Motor Group. Retrieved 11 August 2021. Each company within Hyundai Motor Group is an individual, independent company. Hyundai Motor Group is not a company but refers to a gathering of independent companies that share historical homogeneity
  5. ↑ "Shareholder". Kmcir.com. Archived from the original on 12 September 2010. Retrieved 24 April 2011.
  6. ↑ "Hyundai Motor buys US robotics firm from Softbank for $880m". The Korea Herald. Yonhap. 21 June 2021. Retrieved 9 March 2026.
  7. ↑ Hunnicutt, Trevor; Yang, Heekyong (22 May 2022). "Hyundai Motor Group to invest more than $10 billion in U.S. up to 2025". Reuters. Retrieved 22 May 2022.
  8. ↑ Jin, Hyunjoo (21 August 2026). "Hyundai Motor's South Korean union stages first full strike in a decade over pay". Reuters. Retrieved 31 August 2026.
  9. ↑ "South Korea's Hyundai, union agree on tentative wage deal after rare strike". South China Morning Post. 25 August 2026. Retrieved 31 August 2026.
  10. ↑ "Hyundai and Kia miss 2015 sales targets". BBC. 4 January 2016. Retrieved 22 January 2018.
  11. ↑ "Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target". Reuters. 2 January 2018. Retrieved 22 January 2018.
  12. ↑ Lim, Jae-seong (31 January 2025). "Hyundai keeps world's No. 3 automaker title". The Korea Herald. Retrieved 1 October 2026.
  13. ↑ "Hyundai Motor shares hit record high as investors bet on India IPO". The Business Times. 18 June 2024. Retrieved 18 June 2024.
  14. ↑ Madhok, Diksha (17 June 2024). "Hyundai: India's biggest IPO could come from South Korean car manufacturer". CNN. Retrieved 18 June 2024.
  15. ↑ "Hyundai Motor Group to invest record $16.7 billion in South Korea this year". The Economic Times. 9 January 2025. Retrieved 9 January 2025.
  16. ↑ 조선비즈 (24 March 2025). "정의선 현대차그룹 회장 "4년간 31조원 미국에 투자"...트럼프 정부 관세 돌파구". 조선비즈 (in Korean). Retrieved 3 April 2025.
  17. ↑ "[단독] 현대차·기아 자율주행 특허, 美 등록…韓선 진보성 공방". n.news.naver.com (in Korean). Retrieved 7 August 2026.
  18. ↑ "Hyundai Presents its Vision for Hydrogen-Based Mobillity". Hypebeast. Retrieved 11 September 2021.
  19. ↑ Dow, Jameson. "Hyundai pauses Genesis hydrogen fuel cell project just days after ending ICE engines", Electrek, 29 December 2021