Crenshaw Hyundai Burlington Nc-Hyundai intervention (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unlimited 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 edited 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 connected to Hyundai Group. They tote up Hyundai Motor Group, Hyundai Department heap Group, Hyundai heavy Industries society and Hyundai further Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by intimates of Chung. If these companies were considered as forming a single expansive family business, then it would remain the largest company in South Korea similar to vast economic and political facility in the country.
Hyundai was founded as a little construction resolution by Chung Ju-yung in 1947. Hyundai Construction began committed external 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 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 very old 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 dwindling of the number of event units and a plan to break going on the intervention into five independent issue groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along past 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 gifted of producing 1.6 million units annually. The company employs approximately 75,000 people roughly speaking 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 put in the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 in imitation of 50 percent of the accretion of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six supplementary hospitals. The establishment has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it expected the annual Filial Piety Award.
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