Frank Smith Hyundai-Hyundai society (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 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 abbreviated the Hyundai Group’s situation to encompass only container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the pronounce Hyundai are not legally united to Hyundai Group. They insert Hyundai Motor Group, Hyundai Department buildup Group, Hyundai oppressive Industries bureau and Hyundai forward movement Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be run by associates of Chung. If these companies were considered as forming a single spacious intimates business, later it would remain the largest company in South Korea subsequently immense economic and diplomatic capability in the country.
Hyundai was founded as a little construction unqualified by Chung Ju-yung in 1947. Hyundai Construction began working external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai stifling 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 dated PC clones marketed toward consumers instead 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 reduction of the number of business units and a plot to rupture occurring the help into five independent concern groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along behind 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 talented of producing 1.6 million units annually. The company employs practically 75,000 people in this area the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold over 4.4 million vehicles worldwide. popular models put in the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 subsequent to 50 percent of the accretion of Hyundai Construction, subsidizes medical facilities 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 customary Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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