Hyundai history and facts
Hyundai was the brainchild of Chung Ju-yung, who packed up his job as a rice delivery boy, to set up a car repair service.
In 1947, this became the Hyundai Motor Group. This sounds like a car production company. But in fact, it constructed heavy machinery and ran civil engineering projects.
It took 20 years before Mr Chung formed the Hyundai Motor Company and oversaw its first car, the Cortina. This was launched a year later in collaboration with Ford.
In 1975, Hyundai introduced its and South Korea’s first car, the Pony. Next came the Grandeur, which was effectively a kit version of the Ford Granada.
Aside from Ford, Hyundai established links with Kia, owning a 34% stake in the corporation. Since 1992 it has been an official sponsor of the FIFA World Cup. This reflects its export reach to more than 190 countries worldwide.
- Hyundai’s stylised ‘H’ badge is a silhouette of two people shaking hands. They're members of the car maker’s staff and a satisfied customer.
- Hyundai was the first automaker to offer a 10-year or 100,000-mile warranty.
- All employees at the company’s massive Ulsan plant, which churns out over 1.5 million cars a year, get a free lunch every single day. This honours a promise made by Chung Ju-Yung.