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HD Hyundai Oil Bank Co., Ltd. (Korean: 에이치디현대오일뱅크 주식회사) is a petroleum and refinery company with its headquarters in Seosan, South Korea.It was established in 1964 as Kukdong Oil Industry Company (Korean: 극동정유; Hanja: 極東精油; RR: Geukdong Jeongyu; MR: Kŭktongjŏngyu) and later taken over by the Hyundai Group in 1993. [1]
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The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. [8] Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung.
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