H-Story

The Hyundai Corporation Group (chairman: Chung Mong-hyuck) announced on March 19, that, together with Bereum, a Korean postbiotics producer, it has signed a contract with NURA, a US food ingredient distributor, to export postbiotics to the US. The three-year deal is valued at USD 10 million (KRW 13 billion) in terms of minimum order quantity (MOQ).

This year, Hyundai Corporation plans to expand its business size via M&As. Last year, it posted an operating income of about KRW 100 billion, the largest figure since it was spun off from the HD Hyundai Group in 2016. A series of strong performances enabled HC to secure a wealth of cash and make bold business decisions. If an M&A deal is signed, the deal will become HC’s first M&A.

Korean credit rating agencies have improved their ratings for Hyundai Corporation. Given its stable business profitability and favorable financial stability, the outlook for next year is also assessed as stable.

There is a Generation MZer (Millennial + Gen Z) who is heading an overseas subsidiary at the age of 34. It is Sa-Gong Hyuk who is working for Hyundai Corporation, a general trading company. He took an idea that he came up with at the headquarters in Korea and brought it to fruition in Australia, ultimately elevating him to the leadership position. We listened to the story of Sa-Gong Hyuk, who has proved that age has nothing to do with rank.

Hyundai Corporation has established the largest Asian mushroom farm in the UK. As demand has been increasing due to local consumers’ preferences for healthy and vegetarian food, the company has constructed another production complex within five years of entering the UK market.