Hyundai is a group of companies founded by Chung Ju-yung in South Korea. The first Hyundai company was founded in 1947 as a construction company. Some of the best-known Hyundai divisions are Hyundai Motor Company the worlds fourth largest automaker[2] and Hyundai Heavy Industries the worlds largest shipbuilder.[3] Other companies currently or formerly controlled by members of Chungs extended family may be loosely referred to as a part of the Hyundai chaebol. In 1998 Hyundai bought Kia Motors another South Korean company.
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