Founded as Hyundai Precision & Industries Corporation (현대정공; 現代精工) in 1977,[1] the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors.

[4] Headquartered in Seoul, South Korea, it was founded on June 25, 1977[1] as Hyundai Precision & Industries Corporation.

[4] In June 2023, the company ranked #464 on the Forbes Global 2000, with a market cap of US $15.14 billion.

[1] The company offers chassis, cockpit, and front-end modules; safety products, including airbags; headlights; anti-lock brake system and electronic stability control products; steering parts; multimedia systems; Kia Connect systems; injection-molded plastic parts, such as instrument panels, carriers, and bumpers; and steel wheel rims and decks.

Hyundai motor Ulsan complex was at that time the world's single largest motor plant of 1.5 million units production capacity.