Murad Cars Co. | Hyundai
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Murad Cars Co. | Hyundai Wiki, Facts

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  • Hyundai Group was a multinational chaebol headquartered in Seoul, South Korea

Murad Cars Co. | Hyundai Net worth 2024 (estimated)


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 Murad Cars Co. | Hyundai facts


  • 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 elevators, 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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