Hyundai Motor Company, often referred to as Hyundai Motors (Korean: 현대자동차 ) and commonly known as Hyundai (현대 is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, which was founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and owns a luxury cars subsidiary, Genesis. The three brands altogether make up the Hyundai Motor Group. Hyundai operates the second largest automobile manufacturing facility in the world in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs approximately 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms. As of November 2024, Hyundai is the world's third-largest carmaker in terms of production, behind competitors Toyota and Volkswagen.