Largest Family Businesses in the World
Hyundai Motor
Family: Chung
Country: South Korea
Sector: Automotive
Revenue (2013): US$ 79.76 billion
The world's fourth largest automaker had a mixed year, as a strong local currency ate into profits despite a modest growth in sales. Investors will be keen to see how Hyundai competes with Japanese rivals benefiting from a devaluing yen after a major scare this year when Hyundai sank a record $10 billion for a prized piece of land in the prestigious Gangnam District in Seoul. The cash rich company has stated its intentions to turn the land into its new headquarters including a Hyundai-themed park.
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