Seeking a [financial newspapers around the lower cervical Korea News] Hyundai Kia Automotive Captive (Captive), Hyundai Capital has changed with high dominance in the captive auto finance market. In addition to strengthening the core business of automotive financial business finance, mortgage and iteoseoda scrambling to secure stable profitability.
According to Capital industry, Hyundai Capital has reinforced the company early last year, and finance personnel and the financial progress the company is actively operating.
According to Hyundai Capital Resources IR 2016, Hyundai Capital's asset portfolio in corporate banking was up 36.1 percent to 813 billion won more in 2015. Corporate finance strengthening movements can be seen in last year's reorganization.
2015: Hyundai Capital's corporate finance department of the rooms looks a corporate finance, corporate finance Operation Room two yeoteuna Corporate Finance Executive in charge responsible for the 2016 Corporate Finance Corporate Finance Operation room and the room was newly established Corporate Finance Siem true. December 1 last year, corporate finance audit mounting hired Mr. Nam Taehyeon who worked with Samsung Securities and Nice Holdings Management Support.
The domestic car market chiyeolhaejin As difficult to find money, Hyundai Capital has put forward a strategy for strengthening the corporate finance other hand, strengthening the automobile finance business through overseas subsidiaries. It is analyzed that to ensure stable profitability, reducing car dependence financial spiral profitable diversification.
There are strategies that complement the domestic demand as corporate finance and mortgage Jeong Taeyoung Meanwhile, Hyundai Capital Vice President to raise the international automobile market is concerned whether the collection through the year.
◇ car asset growth, reduce congestion
The industry HCS is kkopneunda longer growing challenge to car finance background to enhance the corporate finance and mortgages. New financial market is not big even less profitable interest rates low market growth. In addition, Hyundai Kia Automotive Group, Hyundai Capital has no choice but to sign captive Hyundai, Kia sales have an impact on company profits. In fact, while the decline in market share of Hyundai, Kia and deteriorating domestic sales last year, was also struggling captive sign HCS.
According to the Korea Automobile Industry Association, Hyundai and Kia last year, the domestic market share fell by 2.3% compared to 67.7% last year to 65.4% points. Hyundai-Kia is maintaining its market share more than 70% since 2009, for the first time since 2014 show a continuing decline below the 70% market share.
Hyundai and Kia's 2014 market share of 69.3%, 67.7% in 2015, 2016 was a record 67.7%. Last year, sales volume recorded a poor performance. Hyundai Motor fell 7.8 percent from a year earlier as domestic 658,642 last year. It is analyzed that the affected organs to Hyundai Motor strike in July last year. In fact, Hyundai Capital said last year the third quarter (July-September), operating profit decreased 43.78% year-on-year 92.5 billion won to 52 billion won was a strike. Last year, Hyundai Capital and operating profit rose 1.27% to 343.3 billion won. Net income increased by 8.67% than the end of 2015 276.7 billion won to 300.7 billion won.
According to Hyundai Capital Resources IR 2016, Hyundai Capital said dwaetdago Hyundai and Kia in 2015 as auto sales slowed asset growth, profitability, mainly handling congestion. Capital industry official said, "The automotive market as a red ocean market, competition has become fierce," and "Hyundai Capital by old car difficult to finance overwhelming," he said.
As more non-automotive financing and will continue to reduce the rate auto financing share of total assets. In 2014, Hyundai Capital asset ratio car finance accounts was reduced from 77.5% to 77.7% 2015 75.09% 2016 2.59% points higher than the previous year. While the car finance is not high even non-automotive financial growth is showing high growth rates.
According to Hyundai Capital Resources IR 2016, Hyundai Capital assets (assets under management standard) recording the non-automotive finance 562 billion won, while perching on a slight growth in auto financing, it showed high growth rates. New Hyundai Capital assets are a mere 0.1% increase over the previous year to 11,564 million. In the rental sector it has grown slightly by 1.1% to 404.2 billion won used car segment declined 3.8% year-on-year to 1.343 trillion won. Personal Finance 1.6% YoY to 2.095 trillion won, the mortgage was recorded 2.457 trillion won increased by 33.9%.
Hyundai Capital said it had conducted a strategic asset for the safety-oriented expansion of the mortgage in the IR data. Hyundai Capital depreciation risk that the technology made by LTV 70% or less, janga insurance, handling the mortgage, such as a priority share of 98%. Corporate Finance today announced the expansion of new stable handling through the blue chip companies targeted, collateral center assets such as corporate finance my weight limit.
◇ Hyundai-Kia Motors and synergies that corporate finance
Hyundai Capital has progressed equipment loans, equipment purchase loans, factoring, accounts receivable loans, inventory loans, real estate loans to corporate finance products. A mortgage loan types are secured to a facility loans, trade receivables, inventory, personal property loans to other reserves and retained scheduled personal property as collateral, land, buildings, plant, etc. as collateral for the facility and equipment scheduled to hold or held by customers Loja Real estate mortgage loan gajida 3.
The industry is much room for HCS can collaborate car finance its parent company Hyundai Kia Automotive collects your mouth is advantageous in corporate finance. Loans to the non-automotive sectors as automotive finance company that is focused more car parts makers such as running a company associated with auto loans subject sees in the industry. In particular, Hyundai and Kia says co tons eopcheeul have no leverage.
Officials in charge of corporate finance in the Capital Inc. "The automotive Attempting to blue chip companies and transactions of the companies in many cases are already Hyundai Capital and transactions" and "Hyundai Capital's parent company Hyundai-Kia Motors and associated subcontractors only dozens yeoseo modern it is easy to open positions in the capital, "he said.
The KDB Capital showed strengths in corporate finance are emerging pointed out that the gap can not sell to an aggressive marketing artifact fills the HCS. Since ahninya Hyundai Capital haneungeot monopoly even had corporate finance glass in car finance While some voices are emerging.
Loan regulations cited as factors enhancing the Ganghwa corporate finance and mortgages. The industry says the coming year, Hyundai Capital revenue traction in personal credit rather than new cars. Hyundai Capital has spread to cross three days (cross-sale) strategy for the automotive finance customers in the personal credit portion. To run the customer to buy a car loan for a car as collateral for the loan proceeds to the high quality customers.
But while the recent building regulations adding a provision to the high interest rate loan with lively household lending regulations prophet difficult for an individual credit aggressively turned his eyes to the corporate finance industry is up story.
◇ After standing car finance overseas subsidiaries
Vice President of Jeong Taeyoung under the 'One Global Company "stance, has its current offices in the United States, the United Kingdom, China and Canada. In January, it launched the European banking in Germany. Further, etc. India, Brazil and review the established Financial Code. While the domestic car market is difficult, overseas car market is large growth potential. Last year we received accreditation from established European Central Bank began operating in January this year. Hyundai Capital Hyundai Kia customers to purchase from target European financing and leasing, and provide loans.
Except Canada and overseas subsidiaries last year is not bad performance. Chinese corporate profits grew by about 2-fold compared to the previous year recorded a pre-tax profit of 120.4 billion won last year. British subsidiaries recorded 48.5 billion won. The first quarter of this year, the Hyundai-Kia sales rose by 9.7%, as 260,061 more than last year period.
Canada has failed to fulfill the current turnaround yet since December 2014 start of operations. Hyundai Capital in the last 18 days has also invested 34 billion won in direct Canadian corporation operating fund raising purposes.
Depending on the overseas subsidiaries have also continually expanding overseas recruitment business-related personnel from last year. Last October there were recruiting foreigners overseas business to General Executive Director, International HR Executive, United Kingdom overseas subsidiaries personnel were recruited foreign legal and compliance personnel.
But it is expected to expand market share in China, not intimidating Saad effect this year. According to industry sources, Hyundai-Kia has dropped 52% YoY to sell a total of 72,032 sales in China in March this year.
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