Mando Corporation with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original equipment manufacturer and supplier to General Motors, Cadillac, Ford, Chrysler, Chevrolet, Nissan, KIA Motor, Fiat, Volkswagen, BMW, Suzuki, Hyundai Motor and many other global automobile distributors with the annual profit topping over 6 billion USD every year. It is currently owned and run by the original founding parent company, Halla Group. It was handed over to Halla by Sunsage B.V, a daughter company of JP Morgan.Mando has three main areas of business: steering parts, brake parts, and suspension parts. Mando has recently opened a joint-venture company with Hella, to produce ABS sensor software algorithm. Additionally, Mando is part of a Halla Group which is composed of automobile, logistics, investment banking, ground transportation, education, construction, and sports and entertainment companies with over 20,000 employees around the world. These companies are all part of the same ownership under one CEO.