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.