Headquartered in Seoul, South Korea, it was founded on June 25, 1977[1] as Hyundai Precision & Industries Corporation. In 2000, the company changed its name to Hyundai Mobis. The company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors.[citation needed] In 2013, the company had revenue of US$ 33 billion.[2] As of 2014, it was "the world's No. 6 automotive supplier" in Bloomberg.[3]