Hyundai is a South Korean conglomerate founded in 1947 as a construction company. It is now the world's fourth largest automobile manufacturer, producing over 1.6 million vehicles annually. Hyundai Motor Company was established in 1967 and now employs over 75,000 people worldwide, selling vehicles in 193 countries. In 2010, Hyundai sold over 1.7 million vehicles globally and is part of the Hyundai Motor Group, which also controls Kia Motors and Hyundai Heavy Industries.