The
Hyundai Motor Group (; ) is a South Korean
multinational conglomerate company headquartered in
Seoul,
South Korea. It is the largest
automobile manufacturer in South Korea, the second largest automaker in
Asia after
Toyota and the world's fourth largest automaker after
General Motors,
Volkswagen Group, and Toyota in 2011. The group was formed through the purchase of 51% of
South Korea's second-largest car company,
Kia Motors, by
Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88% of Kia Motors. The Hyundai Kia Automotive Group also refers to the group of affiliated companies interconnected by complex shareholding arrangements, with
Hyundai Motor Company regarded as the de-facto representative of the group. It is the 2nd largest South Korean
chaebol or
conglomerate, after
Samsung Group, related to other Hyundai-name industries following
a specialized development split and restructuring which resulted in Hyundai Motor group,
Hyundai Heavy Industries group,
Hyundai Development group,
Hyundai Department group, and
Hyundai Marine and Fire Insurance group.