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Hyundai Advantage | Television Commercial | 2001

927 views · Published 27 July 2018 · 0:31 · Indexed 21 September 2026

Channel: Analog Indulgence · 2018 · Entertainment

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Hyundai Advantage | Television Commercial | 2001

Hyundai Group[1] (Hangul: 현대그룹; Hanja: 現代그룹, pronounced [çjəːndɛ]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction firm and Chung was directly in control of the company until his death in 2001.

Following the 1997 East Asian financial crisis and Chung's death, Hyundai underwent a major restructuring and break-up, which reduced the Hyundai Group's business to encompass only container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the name Hyundai are not legally connected to Hyundai Group. They include Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by relatives of Chung. If these companies were considered as forming a single broad family business, then it would remain the largest company in South Korea with enormous economic and political power in the country.

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