Business Chief APAC+ANZ Magazine December 2018 | Page 70

TOP 10
70

04 Hyundai Motor

Based in Seoul , the Hyundai Motor Co . Ltd . is South Korea ’ s largest manufacturer and distributor of motor vehicles and parts , according to Forbes . The company was previously the third largest distributor of cars in China , prior to diplomatic tensions between Seoul and Beijing causing a drop in demand for South Korean products in China . Currently , “ Hyundai is considering ( exporting China-made vehicles ) to emerging markets such as Southeast Asia ,” according to a Reuters report . While year on year profits have decreased since 2014 , at an average of $ 1.5bn per year , Hyundai ’ s asset portfolio continues to grow , in line with the rest of the Asian market . In 2018 , the company ’ s total assets were valued by Forbes at $ 164.7bn . www . hyundai . com DECEMBER 2018