- Business
- Hyundai Corporation (011760.KS) operates as a leading South Korean general trading company, specializing in the import and export of a diverse range of industrial products, raw materials, and heavy equipment worldwide; it distributes hot- and cold-rolled steel products, coated steel sheets, steel pipes, bar and section steel, stainless steel, aluminum, zinc slabs, billets, nonferrous metals, and semi-finished steel products; petroleum products including gasoline, diesel oil, aircraft fuel, and sea bunkering; chemicals such as olefins, aromatics, synthetic resins, and inorganic fertilizers; passenger vehicles, commercial vehicles, OEM parts, and spare parts; rail vehicles, subway trains, locomotives, signal communication systems, and light rail equipment; ships including supertankers, bulk carriers, container ships, and gas tankers with related financing, repairing, and sales services; construction equipment such as excavators, wheel loaders, forklifts, cranes, and trucks; renewable energy products like photovoltaic modules and inverters; and industrial facilities encompassing power plants, petrochemical plants, oil refineries, desalination plants, environmental and marine facilities, gas processing plants, electric generation systems, substation and transmission equipment. Founded in 1976 and headquartered in Seoul, South Korea, the company conducts operations through four main segments—Vehicle Materials, Steel, Industrial Infrastructure, and Other—serving global markets with overseas offices in key regions, resource development in LNG projects in Yemen, Oman, and Qatar, coal mines in Australia, and gas blocks in Vietnam, as well as investments in entities like Qingdao Hyundai Shipbuilding in China and POS-Hyundai Coil Center. In recent developments, Hyundai Corporation reports revenue growth to 7.00 trillion won in 2024, up 6.31% from the prior year, with net earnings rising 44.67% to 121.07 billion won, reflecting strengthened trading volumes amid stable global demand; it continues to expand its portfolio in green energy and resource sectors without major announced acquisitions, partnerships, or structural changes in 2024-2025.