Dennis Hyundai Of Easton-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 unlimited 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 issue to encompass and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the read out Hyundai are not legally aligned to Hyundai Group. They supplement Hyundai Motor Group, Hyundai Department heap Group, Hyundai stuffy Industries group and Hyundai increase 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 expansive relatives business, subsequently it would remain the largest company in South Korea with gigantic economic and diplomatic aptitude in the country.
Hyundai was founded as a small construction conclusive by Chung Ju-yung in 1947. Hyundai Construction began full of zip external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai muggy 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 start 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 on the other hand of business.
Hyundai announced a major management restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds narrowing of the number of matter units and a plan to rupture occurring the activity into five independent business groups by 2003.
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Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along next 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 competent of producing 1.6 million units annually. The company employs more or less 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 more than 4.4 million vehicles worldwide. popular models complement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 later than 50 percent of the addition of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six further hospitals. The initiation has sponsored conferences upon Eastern ethics and funded academic research into traditional Korean culture. In 1991, it standard the annual Filial Piety Award.
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