Hyundai is a company that concentrates into various industries and was founded in 1947. It was opened in South Korea. Name of the Hyundai comes from Korean “hanja”, which means “modernity”. Hyundai started its business as a construction firm, later they switching to provide shipping container services. In 2000 Hyundai Motor Group was created as a conglomerate of Hyundai after Hyundai bought 51 % of Kia Motors.  Shortly after it was founded, it became biggest car manufacturer in South Korea and third-biggest manufacturer in the world (by produced units per year).