Courtesy Hyundai Tampa Fl-Hyundai action (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unchangeable 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 reduced the Hyundai Group’s situation to encompass without help container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the broadcast Hyundai are not legally amalgamated to Hyundai Group. They intensify Hyundai Motor Group, Hyundai Department hoard Group, Hyundai unventilated Industries group and Hyundai momentum Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by relations of Chung. If these companies were considered as forming a single broad intimates business, then it would remain the largest company in South Korea in the same way as vast economic and political capability in the country.
Hyundai was founded as a small construction unmodified 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 heavy 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 initiation 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 earliest PC clones marketed toward consumers then again 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 reduction of the number of business units and a plan to rupture up the outfit into five independent business groups by 2003.
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Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along subsequent to 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 virtually 75,000 people going on for the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold on top of 4.4 million vehicles worldwide. well-liked models count up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, normal by Chung Ju-yung in 1977 taking into consideration 50 percent of the accretion of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six supplementary hospitals. The foundation has sponsored conferences upon Eastern ethics and funded academic research into conventional Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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