"By signing a driver of Thierry's talent, we can show that Hyundai's WRC engagement is serious and focussed on long-term success," said team principal Michel Nandan in a statement.
Neuville is second overall in the current standings, behind Volkswagen's French driver Sebastien Ogier who has already won the title.
Hyundai, whose team are based in Germany, will be competing against Volkswagen and Citroen for the manufacturers' crown. The Korean company last competed in the championship in 2003.
(Reporting by Alan Baldwin, editing by Amlan Chakraborty)
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