Hendrick Hyundai north-Hyundai action (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction definite 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 condensed the Hyundai Group’s business to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the proclaim Hyundai are not legally partnered to Hyundai Group. They enlarge Hyundai Motor Group, Hyundai Department increase Group, Hyundai close Industries group and Hyundai evolve Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by family of Chung. If these companies were considered as forming a single spacious relations business, next it would remain the largest company in South Korea next enormous economic and diplomatic faculty in the country.
Hyundai was founded as a little construction given by Chung Ju-yung in 1947. Hyundai Construction began operational outdoor 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 foundation 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 It was one of the out of date PC clones marketed toward consumers instead of business.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 plan to rupture stirring the organization into five independent thing groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along gone 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 proficient of producing 1.6 million units annually. The company employs just about 75,000 people roughly speaking 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. well-liked models supplement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 as soon as 50 percent of the heap of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six new hospitals. The launch has sponsored conferences upon Eastern ethics and funded academic research into usual Korean culture. In 1991, it usual the annual Filial Piety Award.
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