Hyundai is a South Korean automaker that was first established in 1947 as a construction company. Its creator Chung Jyu-Jung was in direct control from this early date until his death in 2001. The Korean term "Hyundai" can be translated into English as meaning "modern" and this was an especially relevant approach after the Korean War, as both North and South Korea were in considerable competition in the automotive industries. Still, South Korea's access to a larger number of investors and a burgeoning overseas marketplace allowed Hyundai to expand into Vietnam and Guam as early as 1965. A further expansion occurred when Hyundai established its heavy industry focus; producing both commercial vehicles as well as transport ships.
As an automaker, Hyundai can trace its roots to the founding of the Hyundai Motor Company in 1967. This company grew substantially as years went by and a testament to the sheer size of Hyundai is the fact that its manufacturing facility located in Seoul is actually the largest vehicle production plant in the world. This allows the company to build and market well over one million vehicles each year.
According to the latest figures, Hyundai vehicles are sold in no less than one hundred and ninety-three countries across the world and the company employees well over seventy-five thousand operators and technicians.
With a heightened focus on energy-efficient vehicles and by maintaining a relatively low cost in comparison to similar automobiles, it is expected that Hyundai will continue to be a popular brand in markets across the world.