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2024-02-21 06:58:42

Hyundai

South Korean conglomerate with diverse subsidiaries.
South Korean conglomerate with diverse subsidiaries.
Hyundai is a chaebol with various divisions including Hyundai Motor Group, Hyundai Engineering & Construction, Hyundai Heavy Industries, and Hyundai Department Store Group. It also has subsidiaries in automotive, real estate, shipbuilding, and insurance sectors.
1915
Chung Ju-Yung's Birth
Chung Ju-Yung, the founding chairman of the Hyundai Motor Company, was born in North Korea in 1915. He moved to Seoul at the age of 18 in search of a better life.
1931
Chung Ju-yung's Birth
Chung Ju-yung, the founder of Hyundai, was born in the village of Asan, located about 30 miles north of the current demilitarized zone (DMZ) in what is now North Korea.
1938
Mr. Chung's First Entrepreneurial Venture
In 1938, Mr. Chung started his own rice store, marking his first experience as an entrepreneur. Unfortunately, he had to close the business a year later due to the policies of the Japanese occupation forces.
1939
Creation of Hyundai
In 1939, Chung Ju-yung founded Hyundai, a conglomerate that would become one of the largest and most influential companies in South Korea. This marked the beginning of Hyundai's significant impact on various industries.
1945
Mr. Chung's Business After the Liberation of Korea
After the liberation of Korea in World War II, Mr. Chung ventured into repairing trucks for the U.S. Armed Forces. This marked the beginning of his journey into the engineering and construction business, leading to the development of multibillion-dollar mega-projects around the world.
1946
Founding of Hyundai
After the liberation of Korea from Japanese control in 1946, Chung started Hyundai and Hyundai Civil Industries in anticipation of post-war reconstruction. He went on to win major government contracts and played a significant role in building South Korea's infrastructure.
1947
Founding of Hyundai Engineering and Construction Company
Hyundai Engineering and Construction Company was established in 1947, with the name 'Hyundai' meaning 'modern times' in Korean. The company played a significant role in building South Korea's transportation infrastructure after being awarded major government construction contracts following the country's liberation in 1945.
1953
Gogryong Bridge construction project
The Gogryong Bridge construction project in 1953 nearly bankrupted Hyundai.
1965
Hyundai wins bid to build Thailand Expressway
In 1965, Hyundai won the bid to construct the Thailand Expressway, showcasing its capabilities in infrastructure development.
1967
Founding of Hyundai Motor Company
Hyundai Motor Company, South Korea's largest automaker, was founded in 1967. It is a major player in the automotive industry and has been a significant part of the Hyundai Group.
1967-12-29
Hyundai Motor Co., Ltd. established
Hyundai Motor Co., Ltd. was established on December 29, 1967. The company is engaged in the manufacture and distribution of motor vehicles and parts, including passenger cars, recreational vehicles, and small and large commercial vehicles.
1968
Release of Hyundai's First Model
In 1968, Hyundai released its first model, the Cortina, in cooperation with Ford Motor Company. This marked the beginning of Hyundai's journey in automobile manufacturing.
1973
Founding of Hyundai Heavy Industries
In 1973, despite a lack of experience in shipbuilding, Mr. Chung persuaded a customer to give him an order to build a ship for tens of millions of dollars, leading to the founding of Hyundai Heavy Industries, which is now the largest shipbuilder in the world.
1973
Founding of Hyundai Heavy Industries
Hyundai Heavy Industries, the world's largest shipbuilder, was founded in 1973. It has played a crucial role in the shipbuilding industry and is a key subsidiary of the Hyundai Group.
1974-10
Debut of Pony at Turin Motor Show
The Pony, the first mass-produced South Korean car, was presented at the Turin Motor Show in October 1974. It was a compact rear-wheel drive automobile featuring styling by Giorgetto Giugiaro.
1975-09
Launch of Hyundai Pony, the first Korean passenger car
In September 1975, Hyundai introduced the Hyundai Pony, which became the first Korean passenger car, revolutionizing the country's automotive industry.
1975-12
Introduction of Pony to the Market
The Pony, also known as 'kukmincha' meaning 'car for the people', was introduced to the market in December 1975. It became Hyundai’s flagship vehicle for many years.
1976
Commencement of Exports for Hyundai Cars
Exports of Hyundai cars began in 1976, marking the company's expansion into international markets, starting with Ecuador and soon thereafter to the Benelux countries.
1978
European Exports of Pony
European exports of the Pony to Belgium and the Netherlands began in 1978, with Greece added shortly afterwards, marking Hyundai's international expansion.
1982-02
Hyundai enters British market with Pony
In February 1982, Hyundai entered the British market for the first time by introducing the Pony, which became the first Korean car to be sold in the United Kingdom.
1983
Founding of Hyundai Electronics (later Hynix, now SK Hynix)
Hyundai Electronics, a major chip maker, was founded in 1983. It later spun off as Hynix in 2001 and was renamed SK Hynix in 2012. The company has been a significant player in the semiconductor industry.
1984
Hyundai exports Pony to Canada
In 1984, Hyundai began exporting the Pony to Canada, where it exceeded sales expectations and became the top-selling car on the Canadian market at one point.
1985
Introduction of first generation Hyundai Sonata
In 1985, Hyundai introduced the first generation Hyundai Sonata, marking a significant milestone for the company.
1986-02-20
Hyundai Motor America begins selling cars in the United States
Hyundai Motor America started selling cars in the United States with the Hyundai Excel model. Despite initial success, the car's reliability issues led to a decline in sales and reputation. This prompted Hyundai to invest heavily in quality, design, and manufacturing, and introduce new warranties and free maintenance programs.
1987
Record Hyundai Sales in 1987
In 1987, Hyundai sales continued to soar, reaching a record of 263,610 units. This marked a significant milestone for Hyundai in the U.S. market.
1987
Expansion of Hyundai into Central United States
In 1987, Hyundai expanded its sales operations into the central portion of the United States by opening a central region office near Chicago.
1988
Production of models with own technology
The company began to produce models with its own technology in 1988, beginning with the midsize Sonata.
1989
Opening of Hyundai Auto Canada Inc. Stamping and Assembly Plant in Quebec
In 1989, Hyundai Auto Canada Inc. established a stamping and assembly plant in Bromont, Quebec, with substantial investment and government subsidies. The plant was designed to manufacture Hyundai Sonatas and employed a significant workforce.
1990
Establishment of Hyundai Parts Distribution Center in New Jersey
Hyundai established a parts distribution center in New Jersey, which is incorporated in the New Jersey facility along with regional offices in Jamesburg, N.J., Austell, GA, Aurora, IL, and Coppell, TX.
1990-03
Hyundai Automobiles Aggregate Production Reaches Four Million
In the spring of 1990, Hyundai's aggregate production of automobiles reached four million, marking a significant milestone for the company.
1990-04
Aggregate production of Hyundai automobiles reaches four million mark
In the spring of 1990, Hyundai achieved the milestone of producing four million automobiles, reflecting the company's significant growth and expansion.
1991
Developed Alpha engine
The Alpha engine, which was the first engine developed in Korea, was created in 1991, showcasing the advancement in automotive technology in the country.
1992
Hyundai adds free maintenance and powertrain warranty
Hyundai added free maintenance for the first 2 years or 24,000 miles and a 10-year or 100,000-mile powertrain warranty (known as the Hyundai Advantage) to its vehicles sold in the United States, improving its customer service and quality assurance.
1993-02
Assembly of Hyundai Models in Botswana
In Botswana, the assembly of Hyundai Accent, Sonata, and Elantra models was undertaken by the Motor Company of Botswana at their Gaborone plant, since February 1993, in the form of complete knock-down kits.
1994
Annual production surpasses 1 million units
In 1994, Hyundai achieved a major milestone by surpassing an annual production of 1 million units, showcasing its rapid growth and success in the automotive industry.
1995
Hybrid-electric FGV-1 unveiled at Seoul Motor Show
Hyundai unveiled the hybrid-electric FGV-1 at the 1995 Seoul Motor Show, featuring full-time electric drive technology.
1996-05-06
Formation of Hyundai Motor India Limited
Hyundai Motor India Limited (HMIL) was formed on May 6, 1996, marking Hyundai's entry into the Indian automobile market. The launch of the Hyundai Santro in 1998 was a significant success, establishing Hyundai's presence in India.
1997-09
Opening of Hyundai Manufacturing Plant in Izmit, Turkey
In September 1997, Hyundai inaugurated its first manufacturing plant in Izmit, Turkey, which has become the company's longest-running overseas production facility.
1998
America's Best Warranty
America's Best Warranty was introduced by Hyundai in 1998, offering a 10-year/100,000-mile powertrain warranty, which was a groundbreaking move in the automotive industry.
1999
Introduction of 10-year Warranty by Hyundai
Hyundai added a 10-year or 100,000-mile warranty to cars sold in the United States and launched an aggressive marketing campaign.
2000
Hyundai enters crossover SUV market with Santa Fe
Hyundai entered the crossover SUV market with the launch of the Santa Fe in 2000. Despite initial criticism for its looks, the Santa Fe became a huge hit in American and European markets, quickly becoming Hyundai's best seller.
1947
Founding of Hyundai Group
In 1947, Chung started his fifth job as the founder of the Hyundai Group by entering the building trade, which played an important role in the country's rejuvenation and included building roads.
2001-08
Hyundai Asia Resources, Inc. appointed as official distributor of Hyundai vehicles in the Philippines
In August 2001, Hyundai Asia Resources, Inc. (HARI) was appointed by Hyundai Motor Company of South Korea as the official distributor of Hyundai vehicles in the Philippines.
2002-04
Hyundai Motor Manufacturing Alabama established
Hyundai established a new manufacturing facility, Hyundai Motor Manufacturing Alabama, in April 2002, signaling a significant investment in the United States automotive industry.
2002-12
Formation of Beijing Hyundai Joint Venture
Hyundai formed a 50-50 joint venture with Beijing Automotive Group in December 2002, establishing Beijing Hyundai. This joint venture manufactures models exclusively for the Chinese market and has significantly contributed to Hyundai's presence in China.
2003-09
Opening of Hyundai European Headquarters in Rüsselsheim, Germany
In September 2003, Hyundai opened its new European headquarters in Rüsselsheim, after an investment worth 50 million euro. The site became the new location for the R&D centre and for the world rally team of the company.
2004
Ranking in 'initial quality' survey/study
In 2004, Hyundai was ranked second in 'initial quality' in a survey/study by J.D. Power and Associates in North America.
2005
Hope On Wheels
Hope On Wheels is a program initiated by Hyundai in 2005 to support pediatric cancer research and raise awareness about the disease. It has made significant contributions to the cause over the years.
2006-04-28
Chung Mong-koo's Arrest and Replacement at Hyundai
In 2006, the South Korean government initiated an investigation of Chung Mong-koo, the head of Hyundai, for corruption. He was arrested on 28 April 2006 and charged with embezzlement of 100 billion South Korean won. As a result, Hyundai vice chairman and CEO, Kim Dong-jin, replaced him as head of the company.
2007
Introduction of Hyundai i30
In 2007, the i30 was introduced. Designed, developed and manufactured in Europe, it is Hyundai Motor’s DNA car on the continent.
2008-04-23
Hyundai Green Zone Project Announcement
On 23 April 2008, Hyundai Motor announced the beginning of a five-year project to turn 50 km2 of infertile land into grassland by 2012 with the help of the Korean Federation for Environmental Movement (KFEM). The goal of the project is to end the recurring dust storms in Beijing, block desertification, and protect the local ecosystem.
2009-07
Release of Hyundai Avante LPI Hybrid
Hyundai released the Avante LPI Hybrid in the South Korean domestic market in July 2009.
2010-03
Unveiling of Hyundai i-flow
Hyundai unveiled the i-flow, a concept car using a variant of the BLUE-WILL hybrid system, at the 2010 Geneva Motor Show.
2010-09
Hyundai BlueOn Electric Car Launch
Hyundai launched its first production electric car, BlueOn, in Seoul in September 2010. The car was based on the Hyundai i10 and featured a 16.4 kWh lithium polymer battery pack with a six-hour charging time.
2010-10
Hyundai's Agreement with Sichuan Nanjun Automobile
In October 2010, Hyundai signed an agreement with Sichuan Nanjun Automobile to set up a commercial vehicle joint venture—Sichuan Hyundai Motor Co. Ltd. This venture aimed to strengthen Hyundai's presence in the commercial vehicle segment in China.
2011-09-30
Retirement of Yang Seung Suk
Yang Seung Suk announced his retirement as CEO of Hyundai Motor Co, leading to an interim replacement period where Chung Mong-koo and Kim Eok-jo will divide the duties of the CEO position.
2012-01
Hyundai Elantra named North American Car of the Year
The Hyundai Elantra was named the North American Car of the Year at the North American International Auto Show in January 2012, recognizing its success in the market and positive reception among consumers.
2012-10
Launch of Hyundai HB20 in Brazil
In October 2012, Hyundai introduced the HB20, a small bi-fuel car designed for the Brazilian mass-market. The car was produced at a new Hyundai factory in Brazil, signifying the company's investment in the Latin American region.
2013-11-06
8th Anniversary of N Brand
The 8th anniversary of the high-performance N brand was celebrated.
2014
Hyundai
Hyundai unveiled new cars in 2014.
2014-01-15
Hyundai Motor Co., Ltd. founded
Hyundai Motor Co., Ltd. was founded on January 15, 2014. It is engaged in the manufacture and distribution of motor vehicles and parts, including passenger cars, recreational vehicles, and small and large commercial vehicles.
2015-03
Unveiling of Hyundai Tucson at Geneva Motor Show
The third generation of the Hyundai Tucson was unveiled at the Geneva Motor Show in 2015, marking a significant milestone for Hyundai's crossover SUV lineup.
2016-12-26
Hyundai's Belt-Tightening and Product Line-Up
In December 2016, Hyundai faced challenges due to its exposure to weak emerging markets and a product line-up featuring more sedans than SUVs. The company initiated belt-tightening measures to address the mismatch between market trends and its product line-up, aiming to prepare new models and a design revamp.
2017-06
Competition Commission of India Imposed Penalty on Hyundai
In June 2017, The Competition Commission of India imposed a penalty of ₹87 crore ($13.6 million) on Hyundai for unfair business practices related to providing discounts for cars.
2017-07
i30 N Premiere
The i30 N marked the premiere of the Hyundai N high performance range, designed to deliver maximum driving pleasure in everyday life on the road and on the track. It was developed from the ground up and honed at the Nürburgring.
2018-03
Hyundai Nexo Launch
In March 2018, Hyundai introduced the Nexo, a hydrogen powered crossover SUV.
2019-06-04
Hyundai's 50 Years of Progress
Hyundai Motor has made significant progress in just 50 years, helping to modernize South Korea and becoming a leader in future mobility. The company's progressive spirit is celebrated in a new campaign with the tagline 'Next Awaits'.
2020-10-14
Inauguration of Euisun Chung as Chairman of Hyundai Motor Group
On 14 October 2020, Euisun Chung was inaugurated as the new chairman of the Hyundai Motor Group. His father, Chung Mong-koo, has been made Honorary Chairman.
2021-02
Apple-Hyundai Autonomous Car Deal
In February 2021, CNBC reported that Apple and Hyundai-Kia were close to finalizing a deal to build an autonomous Apple car. However, Hyundai Motor announced shortly after that it is no longer in talks with Apple.
2021-04
Hyundai's Profit Rise
In April 2021, Hyundai announced that its profits rose by 187%, the highest rise in four years. The company recorded a profit of $1.16 billion from the beginning of 2021 until March.
2021-06
Hyundai Completes Acquisition of Boston Dynamics
In June 2021, Hyundai Motor Group completed its acquisition of a controlling interest in the robotics firm, Boston Dynamics, taking an 80% share of the company.
2021-07
Hyundai Ulsan Plant Productivity
The Hyundai Ulsan plant, with 34,000 employees, operates on a two-shift system and runs for only five days a week, shutting at weekends and for a full week in summer. The workers are provided with various facilities including dormitory accommodation, free lunch, and a pleasant working environment. The plant has its own docking area with berths for three ships to export the 6,000 cars produced daily.
2021-09
Opening of Hyundai Wia Division Car Engine Manufacturing Plant in Saint Petersburg, Russia
In September 2021, Hyundai Wia division opened a car engine manufacturing plant in Saint Petersburg, the biggest in Russia and the fifth in the world. The new plant is designed to produce about 330,000 engines for Hyundai Solaris and Creta as well as for Kia Rio by the end of the year 2021.
2021-10
Unveiling of New Hydrogen City Bus
A new hydrogen city bus was unveiled at the Busworld trade show in Brussels with Iveco Group.
2021-11
XCIENT Fuel-Cell Trucks Milestone
XCIENT fuel-cell trucks achieved a significant milestone by surpassing 1 million kilometers of driving within 11 months in Switzerland, showcasing the reliability and efficiency of the fuel-cell technology.
2022-01-01
Hyundai Motor Philippines, Inc. becomes official distributor of Hyundai passenger cars in the Philippines
In early 2022, Hyundai Motor Philippines, Inc. (HMPH) took over the passenger car operations from HARI and became the official distributor of Hyundai passenger cars in the country.
2022-02-09
Hyundai's Comeback to Japan with Eco-Friendly Vehicles
On 9 February 2022, Hyundai announced its comeback to Japan, focusing on marketing eco-friendly vehicles like the Ioniq 5 and Nexo, with pre-orders starting in May 2022 and delivery beginning in July 2022 under the company name Hyundai Mobility Japan.
2022-06-01
Hyundai Motor Philippines starts operations
On 1 June 2022, Hyundai Motor Philippines, Inc. (HMPH) started its operations as the official distributor of Hyundai passenger cars in the Philippines.
2022-06-20
Hyundai Motor Philippines unveils 4 new models at dealer conference
On 20 June 2022, Hyundai Motor Philippines unveiled 4 new models, including the Creta subcompact crossover, the Tucson compact crossover, the Santa Fe mid-size crossover, and the Staria passenger van, at a dealer conference.
2023-04-03
Seeking Spirituality Ft. Hyundai Tucson & Kailasa Temple
A Great India Drive featuring the Hyundai Tucson and a visit to Kailasa Temple, reflecting on the hardships of the past couple of years and the spiritual journey.
2023-11-08
Hyundai announces new plant for flying taxis
Hyundai announced the construction of a new plant in the United States to produce flying taxis for commuters, signaling the company's entry into the urban air mobility (UAM) market.
2024-01-01
CES 2024: Introducing SDV Exhibits and Unveiling Core Hyundai Technologies
In CES 2024, Hyundai showcased its SDV exhibits and unveiled core technologies, marking a significant advancement in the field of future mobility services.
2024-01-04
Hyundai Great India Drive 2023
The Hyundai Great India Drive 2023 features a journey to Ranthambore with the Hyundai Exter.
2024-01-20
Hyundai Creta 2024 Review
Arun ditches Tushar and reviews the Hyundai Creta 2024 in a very cold environment.
2024-01-29
Hyundai Motor's 2023 Q4 Business Results Announcement
Hyundai Motor Company announced its 2023 annual and fourth quarter business results, providing insights into the company's performance and achievements during that period.
2024-02-06
Hyundai Motor's Credit Rating Upgrade to A3 by Moody’s
Hyundai Motor Company welcomed Moody’s upgrade of the company’s corporate rating to A3. This reflects a favorable evaluation of Hyundai's financial health and ability to meet its financial obligations.
2024-02-16
Hyundai Motor's Fitch Ratings Upgrade to A-
Hyundai Motor welcomed Fitch Ratings’ upgrade of the company’s Long-Term Issuer Default Ratings and senior unsecured ratings to A-. This indicates a positive assessment of Hyundai's financial stability and creditworthiness.
2024-03-25
Hyundai tests Lucid Air and ZEEKR X for luxury EV development
Hyundai was seen testing Lucid Air and ZEEKR X vehicles, indicating a potential collaboration for luxury electric vehicle development. This suggests a move towards expanding Hyundai's offerings in the EV market.
2024-04-02
Hyundai Alcazar Launch in India
Hyundai is set to launch the Alcazar in India with an expected price of Rs.16.00 Lakh and a launch date of April 2, 2024.
2025
Extension of Partnership with World Archery
HMG extended its partnership with World Archery until the year 2025.
2028
Hyundai's Plan to Introduce Six EVs in Indian Lineup
Hyundai has announced its intention to launch six electric vehicles in its Indian lineup by 2028, with the goal of introducing a mass market EV to compete with the Tata Nexon EV by 2024.
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Hyundai

South Korean conglomerate with diverse subsidiaries.
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