Hyundai Motor Group is a diversifed industrial group from Seoul, South Korea. Its affiliated companies are active in the automobile, the steel, the construction and the automobile industry supply sectors. They also provide financial services1.
Through its affiliates Hyundai Motor Company and Kia Motors, it is one of the largest vehicle manufacturers in the world. Hyundai Motor Company is a participant of the UN Global Compact2, which asks companies to support and respect the protection of internationally proclaimed human rights. Hyundai Motor Company has drawn a lot of criticism because of violations of labour rights, especially in its handling of union matters and industrial disputes.
As of December 2014, Hyundai and some of its affiliates respectively have been excluded from the investment universe of at least 8 different investors and pension funds, for example the Danish Pension Fund ATP.
Investor information correct as at publication of Dirty Profits 3.