Five Star Hyundai Macon-Hyundai help (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction utter and Chung was directly in manage 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 condensed the Hyundai Group’s issue to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the reveal Hyundai are not legally united to Hyundai Group. They count up Hyundai Motor Group, Hyundai Department amassing Group, Hyundai stifling Industries help and Hyundai loan Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by associates of Chung. If these companies were considered as forming a single expansive relatives business, next it would remain the largest company in South Korea once vast economic and diplomatic faculty in the country.
Hyundai was founded as a small construction unconditional by Chung Ju-yung in 1947. Hyundai Construction began on the go 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 inauguration 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 on the other hand 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 lessening of the number of matter units and a plot to break going on the action into five independent business groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along in imitation of 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 adept of producing 1.6 million units annually. The company employs very nearly 75,000 people on the order of 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. popular models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 with 50 percent of the store of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The inauguration has sponsored conferences upon Eastern ethics and funded academic research into normal Korean culture. In 1991, it received the annual Filial Piety Award.
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