History Hyundai

  • Hyundai Group is the largest Korean conglomerate, established by Mr. Chung Ju-yung in 1947. In this particular year Hyundai Civil Industries started to operate, later renamed to Hyundai Construction. When the company was established, it employed only 11 people, but by the end of the 1950s the company of Chung Ju-yung was a large company by Korean standards, and at the end of the 1960s it was Hyundai company that was chosen as one of major exporters of construction services – at first in Vietnam and Southeast Asian countries, then in the Middle East. For the next decades, the Korean economy has been growing at a record pace. Hyundai has been growing together with the country. Like other Korean conglomerates, Hyundai Construction diversified its production and a result of this forward-looking strategic decision was the investment policy ensuring growth of Hyundai in various high-tech and highly profitable industries. So, in 1973 the first Hyundai dockyard was built – project of Hyundai Heavy Industries subdivision – that by 1984 made Korean the second shipbuilding state in the world. In the 1970s, Hyundai began to actively build Hyundai Motor car factories that soon started to export their products. Through the efforts of the company’s founder Chung Ju-yung, one of the greatest managers of the XXth century, in 1990 Korea became one of the world’s leading car makers.

  • Korean electronics industry was born at early 1980s, and again Hyundai was one of those who took the lead – subsidiary Hyundai Electronics was established (in 2001 the company was renamed to Hynix), and it time it became one of the world’s largest suppliers of semiconductors. By the end of the 1970s, Korean Hyundai conglomerate became a part of the so-called Big Four of Korean groups of companies. Besides Hyundai, this Big Four included Samsung, LG and Daewoo. By the mid-90s Hyundai had over 60 subsidiaries and took active participation in almost all areas of economic activities, including car making, construction, chemical industry, electronics, financial services, heavy industry and shipbuilding, with the annual total revenue of about 90,000,000,000 dollars and over 200,000 employees. After the death of the company’s founder Chung Ju-yung in 2001, Hyundai Korean conglomerate established several major subdivisions headed by successors of Mr. Chung Ju-yung. Among them, such famous companies thus far as Hyundai Heavy Industries, Hyundai Motor Group and Hyundai Development Group. The promising production for the professional HVAC market is the project of Hyundai Corporation, which in its turn is a part of Hyundai Heavy Industries.

Today Hyundai is a global corporation, one of 500 largest companies in the world.

According to the annual rating of the American weekly Business Week, starting from 2006 the Hyundai brand has been one of 100 most successful brands in the world.

According to Fortune Global 500, for the past ten years Hyundai Motor and Hyundai Heavy Industries have been one of 500 largest companies in the world.

Hyundai is the second largest conglomerate in South Korea, giving ground only to Samsung. Whereas for a long time, before the era of cell phones, Hyundai conglomerate had a lead over Samsung conglomerate.

Philosophy of Beyond Boundaries

You need to go beyond the boundary to go further to a wider word. To go to the word of a new business beyound the boundaries – this is the path of true pioneer, Hyundai Corporation.
  • The entire Hyundai business strategy is based on the “beyond boundaries” philosophy. Only surmounting borders, reaching beyond standards and doing what others won’t dare to do, one can achieve tremendous success. You can see this idea in Hyundai products themselves. What seems impossible becomes real and available.
  • The success or failure of any venture depends on the attitude and outlook of those involved. We have achieved technological advancements that were considered theoretically and scientifically impossible. These accomplishments were the result of an enterprising and pioneering spirit dedicated to hard work and diligence. Our Hyundai team, whichever country or area it operates in, always takes on the impossible and enjoys achieving results.

  • Principle No.1: Creative Wisdom

    It is the wisdom that always accompanies innovations and fresh ideas along with the future-oriented perspective to meet needs of our clients and society. Hyundai has always worked hard to make small things great.

  • Principle No.2: Positive Thinking

    It is the commitment and positive attitude to everything, inhering in the entire Hyundai team. All Hyundai history is based on efforts and positive thinking of the entire large, solid Hyundai team.

  • Principle No.3: Unwavering Drive

    This principle stands for commitment to a particular task, under a slogan “I can do it!”. Thanks to its unwavering drive, Hyundai team succeeds where others fail even given better conditions required for the victory.

  • Hyundai philosophy, the basis of competition and innovation, is driving our growth and moving forward. This philosophy of our founder and late Honorary Chairman Chung Ju-yung is the basis for Hyundai global brand.
  • We have achieved great success based on this unwavering drive for competition and innovation. “The person who thinks a job is possible is the one who is going to get it done”, said Mr. Chung Ju-yung. It is this special spirit of Hyundai that ensured our remarkable growth and rise to leadership.