27-05-2017, 04:23 PM
Hyundai Capital Services is a South Korean provider of consumer financial services ranging from self-financing, private financing and corporate financing. The company is a financial services unit of Hyundai Motor Group. Hyundai Capital has expanded to foreign markets, providing auto financing services in five countries outside of Korea: the United States, the United Kingdom, China, Germany and Canada. Hyundai Capital also manages auto finance consulting in Russia, Brazil, India and Australia to support sales of Hyundai and Kia cars in the respective countries.
Hyundai Capital Services since 1993 had operated under the name of Hyundai Auto Finance with regard to car finance and housing until 1999, when it changed its name to Hyundai Capital Services. Hyundai Capital Services started its car leasing business in 2001 with its inaugural product, "Just Drive." In 2004, the company established a strategic alliance with US conglomerate General Electric. The association is said to have paved ways for companies to share their knowledge and strength in a wide range of businesses including treasury, risk management, finance product design, computer technology and corporate culture. The company in 2005 founded Hyundai Capital Skywalkers professional volleyball team and completed Skywalkers multi-base camp, the Skywalkers Castle. In 2015, Hyundai Capital Services won S & P's A- credit ratings. Hyundai Capital Service issued a greenback of $ 500 million in March 2016, becoming the first private company in Korea to issue such debt.
