Allen Samuels Hyundai-Hyundai work (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction conclusive and Chung was directly in govern of the company until his death in 2001.
Following the 1997 East Asian financial crisis and Chung’s death, Hyundai underwent a major restructuring and break-up, which reduced the Hyundai Group’s thing to encompass solitary container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the herald Hyundai are not legally combined to Hyundai Group. They tote up Hyundai Motor Group, Hyundai Department heap Group, Hyundai oppressive Industries activity and Hyundai encroachment Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relations of Chung. If these companies were considered as forming a single expansive associates business, subsequently it would remain the largest company in South Korea like big economic and embassy capability in the country.
Hyundai was founded as a small construction supreme by Chung Ju-yung in 1947. Hyundai Construction began on the go outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai unventilated Industries was founded in 1973, and completed the construction of its first ships in June 1974.
In 1983 Hyundai entered the semiconductor industry through the creation of Hyundai Electronics (renamed Hynix in 2001).
In 1986 a Hyundai-manufactured IBM PC-XT compatible called the Blue Chip PC was sold in discount and toy stores throughout the US. It was one of the antiquated PC clones marketed toward consumers then again of business.
Hyundai announced a major organization restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds lessening of the number of matter units and a scheme to break in the works the charity into five independent matter groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along like Kia comprises the Hyundai Kia Automotive Group. Headquartered in Seoul, South Korea, Hyundai operates in Ulsan the world’s largest integrated automobile manufacturing facility, which is capable of producing 1.6 million units annually. The company employs approximately 75,000 people almost the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold more than 4.4 million vehicles worldwide. popular models insert the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 subsequently 50 percent of the addition of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six additional hospitals. The launch has sponsored conferences on Eastern ethics and funded academic research into conventional Korean culture. In 1991, it conventional the annual Filial Piety Award.
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