Capitol Hyundai Service-Hyundai bureau (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 control 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 condensed the Hyundai Group’s event to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the say Hyundai are not legally united to Hyundai Group. They intensify Hyundai Motor Group, Hyundai Department growth Group, Hyundai oppressive Industries charity and Hyundai development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by family of Chung. If these companies were considered as forming a single spacious intimates business, subsequently it would remain the largest company in South Korea subsequently gigantic economic and embassy capability in the country.
Hyundai was founded as a little construction unchangeable by Chung Ju-yung in 1947. Hyundai Construction began in force outdoor of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai stifling 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 commencement 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 antediluvian PC clones marketed toward consumers then again of business.
Hyundai announced a major government restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds reduction of the number of concern units and a scheme to break up the bureau into five independent situation groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along once 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 proficient of producing 1.6 million units annually. The company employs approximately 75,000 people all but the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold greater than 4.4 million vehicles worldwide. well-liked models tally the Sonata and Elantra mid-sized sedans.
The Asan Foundation, time-honored by Chung Ju-yung in 1977 as soon as 50 percent of the buildup of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The inauguration has sponsored conferences upon Eastern ethics and funded academic research into usual Korean culture. In 1991, it usual the annual Filial Piety Award.
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