Hyundai Genuine
Cho Young-Chul, CEO
Hyundai Genuine is an intermediate holding company of Hyundai Heavy Industries Group with two subsidiaries: Hyundai Doosan Infracore and Hyundai Construction Equipment.
Hyundai Genuine aims to grow into a global top-tier company that represents Korea’s construction machinery industry by maximizing synergy in R&D, purchasing, and sales between Hyundai Doosan Infracore and Hyundai Construction Equipment.
Hyundai Construction Equipment reported its annual sales in 2021 increased 35.7% to $2.76 billion (KRW 3.552) trillion compared to the previous year, recording the highest sales since it became an independent corporation in 2017. Hyundai Doosan Infracore reported annual sales in 2021 increased 15.2% to $3.57 billion (KRW 4.5937 trillion), the highest ever recorded excluding Doosan Bobcat. This year, the two companies’ sales are forecast to increase by about 4% to $6.57 billion (KRW 8.47 trillion) compared to 2021 based on expectations of continued economic stimulus measures worldwide and synergies from lineup cross-selling and investment in expanding sales networks.
