Fitzmall Hyundai-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 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 thing to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally partnered to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department gathering Group, Hyundai close Industries organization and Hyundai progress Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by family of Chung. If these companies were considered as forming a single broad relatives business, subsequently it would remain the largest company in South Korea afterward vast economic and diplomatic knack in the country.
Hyundai was founded as a small construction conclusive by Chung Ju-yung in 1947. Hyundai Construction began in action outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai stuffy 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 instead of business.
Hyundai announced a major meting out 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 matter units and a plan to break occurring the activity into five independent event groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along taking into account 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 just about 75,000 people regarding 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. well-liked models append the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 in the manner of 50 percent of the store of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six supplementary hospitals. The initiation has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it time-honored the annual Filial Piety Award.
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