Darcy Hyundai-Hyundai outfit (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unqualified and Chung was directly in govern 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 thing to encompass lonesome container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the pronounce Hyundai are not legally partnered to Hyundai Group. They supplement Hyundai Motor Group, Hyundai Department hoard Group, Hyundai heavy Industries activity and Hyundai expand Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relations of Chung. If these companies were considered as forming a single broad relatives business, next it would remain the largest company in South Korea afterward enormous economic and embassy talent in the country.
Hyundai was founded as a little construction resolution by Chung Ju-yung in 1947. Hyundai Construction began practicing outdoor of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai oppressive 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 early PC clones marketed toward consumers otherwise 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 point of the number of thing units and a scheme to break in the works the intervention 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 with 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 intelligent of producing 1.6 million units annually. The company employs practically 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 greater than 4.4 million vehicles worldwide. well-liked models complement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, received by Chung Ju-yung in 1977 in imitation of 50 percent of the buildup of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six further hospitals. The commencement has sponsored conferences on Eastern ethics and funded academic research into usual Korean culture. In 1991, it normal the annual Filial Piety Award.
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