Hyundai Corporation (Korean: 현대종합상사; KRX: 011760) is a South Korean company founded in 1976 as part of the Hyundaichaebol.
It is a general trading company providing export and import services with a wide variety of products including marine vessels, industrial plants and machinery, commercial automobiles and rolling stock, steel, chemical products, and general commodities.
Hyundai Corporation owns Qingdao Hyundai Shipbuilding in China. It also owns in partnership with POSCO Pos-Hyundai Steel (steel trading & coil service center) at Irungattukottai near Chennai, India.
In December 2009, Hyundai Heavy Industries (once a sibling company in Hyundai) purchased a 50% plus-one-share majority stake in Hyundai Corporation, and installed new management on January 1, 2010. [citation needed]
Hyundai Corporation recorded sales of ₩41,000,000,000,000 in 2001. It was the highest sales in Korea as a company.
Hyundai Corporation was awarded US$25,000,000,000 Export-Tower Award, due to its export was $25,280,000,000 (1999 July-2000 June).
During the same period, those the company behind Hyundai Corporation such as Samsung, LG, SK, Daewoo recorded its export respectively $22,500,000,000, $12,300,000,000, $5,800,000,000, $5,800,000,000.
