Hyundai refers to a group of companies and related organizations founded by Chung Ju-yung in South Korea. The first Hyundai company was founded in 1947 as a construction company, and the Hyundai Group eventually became South Korea's largest conglomerate company.
The most well-known Hyundai organization is the Hyundai Motor Company, the world's 5th largest automaker selling mid sized sedans and SUV's like the Sonata and the Santa Fe.
The Hyundai Group underwent massive restructuring following the 1997 East Asian financial crisis and the founder's death in 2001. Today, many companies bearing the Hyundai name are legally unrelated, with each company having a different chairman. Former components include Hyundai Group, Hyundai Kia Automotive Group, Hyundai Department Store Group, Hyundai Heavy Industries Group, and Hyundai Development Group.
The word ''hyeondae (hyundai)'' means ''modernity'' in Korean.