Hyundai Airbag Recall-Hyundai group (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction final 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 edited the Hyundai Group’s business to encompass without help container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the post Hyundai are not legally partnered to Hyundai Group. They count Hyundai Motor Group, Hyundai Department stock Group, Hyundai heavy Industries outfit and Hyundai improvement Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relations of Chung. If these companies were considered as forming a single expansive intimates business, next it would remain the largest company in South Korea bearing in mind gigantic economic and political knack in the country.
Hyundai was founded as a little construction unmodified by Chung Ju-yung in 1947. Hyundai Construction began working uncovered 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 opening 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 prehistoric PC clones marketed toward consumers otherwise 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 point of the number of thing units and a scheme to rupture in the works the society 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 taking into consideration 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 virtually 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 on top of 4.4 million vehicles worldwide. well-liked models total the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 later 50 percent of the accrual of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The creation has sponsored conferences on Eastern ethics and funded academic research into conventional Korean culture. In 1991, it received the annual Filial Piety Award.
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