Hyundai was created in 1947 by Chung Ju-yung. He chaired the company until his death 2001, and by that time the conglomerate or chaebol encompassed everything from banking, construction, department stores, tourism, ship building and, of course, car making.

Following his death and in the aftermath of the Asian financial crisis of the late 1990s, Hyundai was broken up into legally distinct parts. The Hyundai brand is most commonly associated with the automaker in the west.

What on Earth does Hyundai mean?

The name is 현대 in Korean and is pronounced hyeondae, and the best translation for the word is modern.


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