Hub Hyundai 290-Hyundai bureau (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction total 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 by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally similar to Hyundai Group. They add together Hyundai Motor Group, Hyundai Department heap Group, Hyundai stifling Industries bureau and Hyundai progress 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 family business, next it would remain the largest company in South Korea taking into consideration enormous economic and diplomatic faculty in the country.
Hyundai was founded as a little construction final by Chung Ju-yung in 1947. Hyundai Construction began on the go external 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 old-fashioned 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 lessening of the number of thing units and a plan to fracture going on the activity 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 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 clever of producing 1.6 million units annually. The company employs approximately 75,000 people as regards 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 count the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 behind 50 percent of the hoard of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The start has sponsored conferences on Eastern ethics and funded academic research into normal Korean culture. In 1991, it received the annual Filial Piety Award.
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