Breeden 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 pure and Chung was directly in direct 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 edited the Hyundai Group’s business to encompass lonesome container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the proclaim Hyundai are not legally related to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department buildup Group, Hyundai stifling Industries activity and Hyundai further 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 spacious relations business, later it would remain the largest company in South Korea later than gigantic economic and diplomatic knack in the country.
Hyundai was founded as a little construction unadulterated by Chung Ju-yung in 1947. Hyundai Construction began operating uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 launch 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 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 thing units and a scheme to break up the outfit 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 as soon as 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 bright of producing 1.6 million units annually. The company employs approximately 75,000 people a propos the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold beyond 4.4 million vehicles worldwide. popular models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, conventional by Chung Ju-yung in 1977 behind 50 percent of the hoard of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The introduction has sponsored conferences on Eastern ethics and funded academic research into established Korean culture. In 1991, it conventional the annual Filial Piety Award.
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