From the official Press Release:

Created at Hyundai’s Design and Technical Center at Namyang, the Veloster (codenamed HND-3) coupe is the third in a series of daring concept cars to be developed by the central styling studio in Korea.

The Veloster name is a compound of velocity and roadster and evokes the sporty characteristics of a classic 2+2.

A panoramic glass roof and other futuristic styling cues help project a high-tech image.

Designed to cater to the tastes of the Y-generation, Veloster adopts a simple, iconic design.

“With Veloster, we wanted to try something really different. We’re keenly aware that we need radically new products for the Y-generation, the first-time twenties something buyer,” said Oh Suk-Geun, Hyundai’s vice president of design.

“This is really a bold new direction,” he added.

The Veloster concept debuts at the 2007 Seoul Motor Show together with two new production models by Hyundai: the TQ van, an interpretation of Hyundai's H-1 van, and the FD estate wagon, styled at the company's European Design Center in Russelsheim.

Hyundai TQ van	Hyundai FD estate wagon

Hyundai Veloster Concept - Technical Specifications

(Source: Hyundai)