Herrnstein Hyundai Chillicothe-Hyundai charity (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction fixed idea 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 abbreviated the Hyundai Group’s matter to encompass only container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the declare Hyundai are not legally associated to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department increase Group, Hyundai stuffy Industries society and Hyundai forward movement Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relations of Chung. If these companies were considered as forming a single broad relations business, after that it would remain the largest company in South Korea afterward enormous economic and political knack in the country.
Hyundai was founded as a little construction unchangeable by Chung Ju-yung in 1947. Hyundai Construction began in action outdoor of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai unventilated 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 establishment 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 antique PC clones marketed toward consumers then again of business.
Hyundai announced a major direction 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 event units and a scheme to fracture up the society 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 subsequently 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 clever of producing 1.6 million units annually. The company employs about 75,000 people roughly 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 tote up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 in the manner of 50 percent of the store of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The launch has sponsored conferences upon Eastern ethics and funded academic research into received Korean culture. In 1991, it expected the annual Filial Piety Award.
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