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HYUNDAI MOTOR COMPANY
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HYUNDAI MOTOR COMPANY
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
HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I HYUNDAI MOTOR COMPANY I 2008 AnnuAl RepoRt I 
2008 2007 2008 2007
Salaries
￦
2,899,468
￦
2,545,845 $2,305,740 $2,024,529
Export related expenses 1,767,268 1,284,054 1,405,382 1,021,117
Sales promotion 4,084,588 2,392,644 3,248,181 1,902,699
Sales commission 686,285 787,898 545,753 626,559
Sales warranties 1,300,303 975,825 1,034,038 776,004
Taxes and dues 174,854 139,313 139,049 110,786
Communications 67,998 66,567 54,074 52,936
Utilities 66,840 51,541 53,153 40,987
Freight and warehousing 465,550 424,278 370,219 337,398
Rent 128,327 115,233 102,049 91,637
Travel 178,324 152,031 141,808 120,899
Service charges 966,616 553,751 768,681 440,359
Maintenance 68,184 57,261 54,222 45,536
Supplies 49,441 56,676 39,317 45,070
Research 696,355 608,631 553,761 484,001
Depreciation 556,193 420,053 442,301 334,038
Amortization 112,629 86,993 89,566 69,179
Provision for other liabilities 262,356 315,819 208,633 251,148
Other 303,180 251,605 241,098 200,083
￦
14,834,759
￦
11,286,018 $11,797,025 $8,974,965
Korean Won In millions U.S. Dollars (Note 2) In thousands
27. SELLING AND ADMINISTRATIVE EXPENSES:
Selling and administrative expenses in 2008 and 2007 are as follows:
Company providing
guarantee of indebtedness Beneficiary companies
Korean Won
In millions
U.S. Dollars (Note 2)
In thousands
Hyundai Motor Company Hyundai Capital Co., Ltd
￦
426,103 $338,849
Hyundai Merchant Marine 228,756 181,913
Hyundai Rotem 293,895 233,714
Hyundai Motor America 377,250 300,000
Hyundai Motor Manufacturing Alabama LLC 646,355 514,000
Hyundai Auto Canada Corp. 17,423 13,855
28. COMMITMENTS AND CONTINGENCIES:
(1) The Company and its consolidated subsidiaries are contingently liable for guarantees of indebtedness of related parties including subsidiaries as of December 31,
2008 as follows:
Company providing
guarantee of indebtedness Beneficiary companies
Korean Won
In millions
U.S. Dollars (Note 2)
In thousands
Hyundai Motor Finance Company
￦
824,920 $656,000
HMI 314,375 250,000
Hyundai Motor Europe GmbH 33,748 26,837
Hyundai Motor Europe Technical Center GmbH 88,811 70,625
Hyundai Motor (UK) Ltd. 36,353 28,909
Hyundai Motor Japan Co. 13,939 11,085
HMJ R&D Center Inc. 7,666 6,096
Hyundai Translead 99,343 79,000
Smart Alabama LLC 150,900 120,000
Hyundai Motor Manufacturing Czech, s.r.o 657,201 522,625
Hyundai America Technical Center Inc. 25,150 20,000
Hyundai Motor Poland SP.ZO.O 8,881 7,062
HJMSC 2,515 2,000
Beijing Hines Millennium Real Estate
Development Co., Ltd. 19,606 15,591
UTS 301,800 240,000
Hyundai HYSCO Hysco Steel India. Ltd 35,839 28,500
Hyundai Hysco USA, Inc. 44,013 35,000
Hysco America Company, Inc 44,012 35,000
Hysco Slovakia S.R.O 22,203 17,656
Jiangsu Hyundai Hysco Steel Process Co., Ltd. 25,799 20,516
Beijing Hyundai Hysco Steel Process Co., Ltd. 37,725 30,000
Hysco Czech S.R.O 44,405 35,312
Beijing Hyundai Hysco Steel Process Co., Ltd. Jiangsu Hyundai Hysco Steel Process Co., Ltd 12,693 10,094
Dymos Inc. Dymos Lear Dymos Automotive Systems Co. 28,420 22,600
Dymos India Automotive Private Limited 24,521 19,500
WIA Corp. WIA Automotive Parts 69,126 54,971
Hyundai-Kia Machine America Corp. 64,761 51,500
Hyundai-Kia Machine Europe GmbH 35,524 28,250
Wia Automotive Engine (Shandong) Company 25,150 20,000
Kia Motors Corporation Kia Motors Slovakia 640,009 508,953
Kia Motors (UK) Ltd. 7,746 6,160
Kia Motors Europe Gmbh 35,524 28,250
Kia Motors Polska Sp.zo.o 26,643 21,188
Kia Motors Manufacturing Georgia, Inc. 361,912 287,804
Dongfeng Yueda Kia Motors Co., Ltd. 161,933 128,775
Hyundai Autonet Co., Ltd. Hyundai Hi-Tech Electronics (Tianjin) Co. Ltd. 30,180 24,000
Hyundai Autonet Europe 1,258 1,000
Hyundai Autonet India Private Ltd. 2,515 2,000
Total
￦
6,356,901 $5,055,190