Hyundai Capital's Overseas Assets Reach 50 Trillion Won... Record High

Overseas Assets of 50.8184 Trillion KRW
Achieving Pre-Tax Profit of 766.3 Billion KRW

[Asia Economy Reporter Ki Ha-young] Hyundai Capital has achieved its highest-ever overseas performance.

Hyundai Capital announced on the 1st that its overseas financial subsidiaries' assets reached 50.8184 trillion KRW last year. This figure is about twice the size of Hyundai Capital's domestic financial assets (29.6577 trillion KRW) during the same period.

The pre-tax profit (IBT) of these overseas subsidiaries also reached a record high of 766.3 billion KRW. It has been 30 years since the first overseas subsidiary, named 'Hyundai Auto Finance,' was established in the United States in 1989, marking the beginning of the 50 trillion KRW overseas asset era.

Hyundai Capital attributes the rise in global performance to a standardized business model and a strong localization strategy. Depending on market size and the maturity of the automobile finance market, it develops and applies independent business models, and based on thorough analysis, it creates products specialized for local markets and customers. Securing a talent pool centered on local experts and unifying work systems to enhance communication and efficiency among global subsidiaries are also analyzed as key factors.

Hyundai Capital has pursued its global business from a long-term and macro perspective. In 2012, it became the first domestic credit finance company to enter the European market, and it was also the first domestic financial company to establish banks in Europe and South America, reflecting this background. Currently, it operates in 10 countries worldwide, including the United States, China, Canada, and Brazil.

A Hyundai Capital official said, "We will continue to discover business strategies tailored to local characteristics on a unified work system and develop into a truly global financial company."

This content was produced with the assistance of AI translation services.