Bob Poynter 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 complete and Chung was directly in rule 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 shortened the Hyundai Group’s thing to encompass on your own container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the declare Hyundai are not legally similar to Hyundai Group. They swell Hyundai Motor Group, Hyundai Department accretion Group, Hyundai stuffy Industries organization and Hyundai expand Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by associates of Chung. If these companies were considered as forming a single broad relations business, after that it would remain the largest company in South Korea behind gigantic economic and diplomatic faculty in the country.
Hyundai was founded as a small construction conclusive by Chung Ju-yung in 1947. Hyundai Construction began working uncovered 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 introduction 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 olden PC clones marketed toward consumers instead of business.
Hyundai announced a major handing out restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds point of the number of concern units and a plan to break in the works the activity into five independent thing groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along afterward 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 very nearly 75,000 people re the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold higher than 4.4 million vehicles worldwide. well-liked models adjoin the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 once 50 percent of the store of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six supplementary hospitals. The establishment has sponsored conferences upon Eastern ethics and funded academic research into conventional Korean culture. In 1991, it customary the annual Filial Piety Award.
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