HYUNDAI__The Korean Giant__History Part 3

HYUNDAI MOTOR GROUP

Although Hyundai is possible best known for its motor company, there are 36 companies that fall within the Hyundai Motor Group. These companies range from automobile manufacturers to golf resorts. Below I’ve listed the companies in order of the oldest to the youngest.

Kia Motors Corporation

Established         : 1944

Products              : Automobiles

Joined HMG         : 1998

Notes                    : Korea’s oldest automobile manufacturer. Have more than 40,000 employees

Hyundai Engineering and Construction

Established         : 1947 (as Hyundai Civil Works)

Products              : Construction projects

Joined HMG         : 2011

Notes                    : Has completed approximately 750 projects in more than 50 countries. Almost went bankrupt in 2000

Hyundai Steel

Established         : 1953 (as Korea Heavy Industry Corporation)

Products              : Steel

Joined HMG         : 1978

Notes                    : Koreas first steel manufacturer

HMC Investment Securities

Established         : 1955 (as Shinheung Securities Co. Ltd.)

Products              : Provides financial solutions

Joined HMG         : 2008

Notes                    : In March 2012 HMC Investment Securities operate through 50 offices in South Korea.

Hyundai Architects and Engineers Association

Established          : 1965

Products               : Architecture design

Joined HMG          : 2011

Notes                    : Originally the architectural design department of Hyundai Engineering and Construction

Hyundai BNGSteel

Established          : 1966 (as Samyoug Special Steel)

Products               : Stainless steel

Joined HMG         : 2001

Notes                    : “BNG” stands for Belief and Growth. First manufacturer of cold rolled stainless steel in Korea

Hyundai Motor Company

Established          : 1967

Products              : Automobiles

Joined HMG         : 2000

Notes                    : Started by manufacturing Ford Cortina’s under licence. 71st world’s most powerful brands

Hyundai METIA

Established          : 1973

Products               : Specialist in casting for automobile manufacturing

Joined HMG         : 2004

Notes                    : Developed the world’s first thin-walled casting technology.

Hyundai WISCO

Established          : 1974

Products               : Basic forged parts for automobiles

Joined HMG         : 2002

Notes                    : Has two 6500 tonnes presses

Hyundai Engineering

Established          : 1974

Products               : Provides engineering solutions

Joined HMG         : 2011

Notes                    : Ranked 47th in the 200 international design firms, higher than any Korean company has achieved

Hyundai Hysco

Established          : 1975 (as Kyungil Industrial Co. Ltd.)

Products               : Steel sheet for automobile industry, steel pipes

Joined HMG         : 2004

Notes                    : Renamed Hyundai Steel Pipe in 1980. Collaborated with Hyundai Steel in 2004 after acquiring Hanbo Iron and Steel

Hyundai WIA

Established          : 1976

Products               : Machining equipment, transmission, CVJ, engines

Joined HMG         : 2001

Notes                    : Top 100 global companies for auto parts

Hyundai Rotem

Established          : 1977

Products               : Rolling stock & railway systems, Production of ground weapon systems, manned and unmanned systems.

Joined HMG         : 2001

Notes                    : Has 4,000 employees, 700 of which are researchers.

Hyundai MOBIS

Established          : 1977

Products               : Supplies chassis, cockpit and front-end modules of automotive industry

Joined HMG         : 2009

Notes                    : In 2006 provided chassis modules for the Jeep Wrangler. Is the largest manufacturer of auto parts in Korea.

Hyundai CNI

Established         : 1977

Products              : Construction IT convergence, Eco-friendly green IT, Future new tech areas

Hyundai Seosan Plantation

Established          : 1979

Products              : Agriculture and livestock production, processing and distribution

Notes                    : Pioneering agricultural science through use of technology and a quality management system to provide high quality food.

Hyundai Engineering and Steel Industries

Established          : 1979

Products              : Construction of steel structures for buildings, bridges, industrial facilities and ocean structures.

Notes                    : Originally the steel structures division of Hyundai Engineering and Construction.

Hyundai KEFICO

Established         : 1987

Products              : Automobile electronic control systems

Joined HMG         : 2012

Notes                    : Koreas leading manufacturer of electronic control systems for automobiles. Originally started producing engine control units.

Hyundai Life

Established         : 1989

Products              : Endowment insurance, Annuities and Retirement insurance

Joined HMG         : 2012

Notes                    : Has assets of 4 trillion won

Hyundai IHL

Established          : 1993 (as Inhee Inductries Co)

Products               : Automobile lights

Joined HMG         : 2004

Notes                    : In 2002 won the presidents prize in the eighth single PPM innovation contest.

Hyundai Capital

Established          : 1993 (as Hyundai Auto Finance Co. Ltd.)

Products               : Auto finance and Auto lease

Joined HMG         : 1993

Notes                    : GE Capital owns a 43% stake alongside Hyundai Motor Group.

Hyundai DYMOS

Established          : 1994

Products               : Manual transmissions, Axles, Seats

Joined HMG         : 1994

Notes                    : Merged with Korea Spicer in 2002, Took over Hyundai Automotive (Hyundai MSeat) in 2004

Hyundai MnSOFT

Established          : 1998

Products               : Specialist in digital map solutions

Joined HMG         : 2005

Notes                    : Provide sat-nav systems for Hyundai and Kia cars

Haevichi Hotel & Resort

Established          : 1999

Products              : Hotel, Resort services and golf course

Notes                    : Originally started with a golf course on Jeju Island. Annual revenue of 59 billion won (2012)

 

Hyundai AutoEver

Established          : 2000

Products               : IT services

Joined HMG         : 2000

Notes                    : 2,200 IT experts. First Korean company to win CMMI level 5 in all its workshits

Hyundai NGV

Established          : 2000

Products              : Research and development

Joined HMG         : 2000

Notes                    : Established to increase competiveness in original technology. “NGV” stands for Next Generation Vehicle.

Hyundai POWERTECH

Established          : 2001

Products              : Transmissions

Joined HMG         : 2001

Notes                    : Koreas first specialised powertrain manufacturer. Received a 5 star quality certificate in 2010.

Hyundai GLOVIS

Established          : 2001 (as Hankook Logitech Co)

 Products             : Comprehensive logistics services based on an integrated logistic system

Joined HMG         : 2002

Notes                    : Has offices in more than 40 countries

Hyundai Card

Established          : 2001

Products              : Credit cards

Joined HMG         : 2001

Notes                    : Delivers its premium, platinum, pre-paid, transport and multipurpose cards through its partner GE Consumer Finance.

 

Hyundai AMCO

Established          : 2002

Products              : Construction, Civil engineering, Housing projects

Joined HMG         : 2002

Notes                    : Started as a construction division of Hyundai Motor Group

Hyundai MSeat

Established          : 2002

Products              : Automotive seats

Joined HMG         : 2004

Notes                    : Established RFID powered logistic system, first of its kind in seat manufacturing.

Innocean Worldwide

Established          : 2005

Products              : Marketing

Joined HMG         : 2005

Notes                    : In 2010, created the world’s first 4D theatre commercial.

Hyundai PARTECS

Established          : 2005

Products              : Parts for discontinued Hyundai and Kia cars

Joined HMG         : 2005

Notes                    : When Hyundai and Kia cars are discontinued, the production equipment is moved to Hyundai PARTECS were they are stored and maintained for small   production of parts when required.

Hyundai City Corporation

Established          : 2007

Products              : City development

Joined HMG         : 2007

Notes                    : Set up to carry out all the project phases involved in the LaTierra development, a tourism and leisure type city on 14,644,000 m2.

Hyundai Commercial

Established          : 2007

Products              : Credit finance, Industrial, Corporate and Investment finance.

Joined HMG         : 2007

Notes                    : Provides finance for construction machinery to Hyundai, Kia, Hyundai Heavy Industries and Hyundai WIA.

Hyundai AUTRON

Established          : 2011

Products              : R&D, product manufacture, automotive semi-conductors, automotive electric control systems

Joined HMG         : 2011

Notes                    : leader in automotive electronic control area.

Biblography

http://www.researchandmarkets.com/reports/1837633/hyundai_card_co_ltd_strategic_swot_analysis.pdf

http://www.hyundaicni.com/company/history.asp

http://www.glovis.net/Eng/AboutGLOVIS/CorporateHistory/History.aspx?year=2001

http://www.securities.com/Public/company-profile/KR/HYUNDAI_MSEAT_COLTD_en_3519899.html

http://innocean.com/en/company/aboutus/companyHistory.aspx#2

http://www.powertech.co.kr/en/corporate/history2010.do

http://www.hyundai-autoever.com/Eng/Company/Introduce/History.aspx

http://www.privateequitykorea.com/ma-news/hyundai-capital-to-acquire-ge-capital-korea/

http://www.ihl.co.kr/Company/History

http://en.mobis.co.kr/Introduction/Summary/Years

https://www.hyundai-rotem.co.kr/eng/

http://en.hyundai-wia.com/about/history2010.asp

http://www.hyundai-metia.com/eframe.swf

http://www.hda.co.kr/eng/company/history.asp

http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=001500:KS

http://www.kia.com/eu/company/kia-motors-corporation/

http://www.forbes.com/companies/hyundai-motor/

http://www.hyundaimotorgroup.com/hmg/web/eng/gri/int/AffiliatesInfo_car01.do

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