History of Hyundai Motor Company

History of Hyundai Motor Company
Chon Chu-en – Founder of Hyundai.

South Korea is a birthplace of another outstanding automaker. Hyundai Motor Company was founded in 1967 by Chung Ju-Yung, a person, who was born and raised in a poor family of peasants in Asan village. Dreaming of becoming a teacher in his childhood, the founder of a world-class corporation, has walked a path from a laborer to one of the richest people of Asia. The word “Hyundai” means “modernity” in Korean, providing that the main goal of the company is to introduction of new technologies. It is an indisputable rule of Hyundai to take leading positions in a global market and not to yield to competitors. In addition, an increase production efficiency is an extremely significant aspect of company’s policy as well.

“New thinking, new possibilities” is an official slogan of the Hyundai Motor Group. It is considerable to mention that not only does the company produce cars, but also trains, as well as a variety of parts for different machinery, including aerospace and military vehicles components, factory machinery. Apart from South Korea, Hyundai has factories in many other countries, such as Russia, Czech Republic, Brazil, China, Turkey, India and countries of North America.

Hyundai cars are sold by 5000 dealers worldwide. Hyundai Accent, Coupe, Creta, Elantra, Equus, Grand, Genesis, Santa Fe, H-1, HD, Solaris, Sonata, Tucson are the models widely known by everyone. The company’s logo symbolized the relationship between the company and a customer – it is a symbol of two people shaking hands in order to represent partnership and long-term cooperation.

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