Hyundai Sungwoo Holdings Co, Ltd. is a South Korean automotive and auto parts company headquartered in Seoul, South Korea.[2] Chung Soon-yung, the younger brother of Hyundai Group founder Chung Ju-yung, established Sungwoo Automotive in 1987 as part of the Sungwoo Group, which operated Hyundai Cement, Sungwoo Construction, and Hyundai Sungwoo Ski Resort.
Youngest son of Chung Soon-yung, Chung Mong-yong took over the company in the late 1990s and has expanded the company's products from iron castings to alloy wheels, batteries, and more. The company has changed its name to Hyundai Sungwoo Automotive Korea in the 2000s and now operates as Hyundai Sungwoo Holdings. Hyundai Sungwoo Holdings serves as the parent company, with subsidiaries including Hyundai Sungwoo Casting (Iron Castings and Brake Discs), Hyundai Sungwoo Solite (Automotive and Industrial Batteries), Hyundai Sungwoo Metal (Alloy Wheels), and global establishments in USA under Hyundai Sungwoo Auto USA and China under Hyundai Sungwoo Longkou. The current CEO of Hyundai Sungwoo Holdings is Chung Mong-yong, younger cousin of Hyundai Motor Group Chairman Chung Mong Koo. The company specializes in customized engine parts, suspension parts, alloy wheels, and other car accessories.[2]