Hyundai is a South Korean conglomerate founded in 1947 that includes Hyundai Motor Company, the world's fourth largest automaker, and Hyundai Heavy Industries, the largest shipbuilder. It was founded by Chung Ju-yung and initially as a construction firm. In addition to its automotive and shipbuilding divisions, Hyundai operates other businesses through affiliated companies and subsidiaries in various industries including logistics, elevators, engineering, and securities.