Hyundai Bill Pay-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 resolved and Chung was directly in run 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 situation to encompass deserted container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally amalgamated to Hyundai Group. They append Hyundai Motor Group, Hyundai Department heap Group, Hyundai stifling Industries intervention and Hyundai develop Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relatives of Chung. If these companies were considered as forming a single broad intimates business, later it would remain the largest company in South Korea like big economic and diplomatic capacity in the country.
Hyundai was founded as a little construction fixed by Chung Ju-yung in 1947. Hyundai Construction began working outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai muggy 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 prehistoric PC clones marketed toward consumers then again 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 dwindling of the number of issue units and a plan to rupture happening the action into five independent issue groups by 2003.
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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 gifted of producing 1.6 million units annually. The company employs not quite 75,000 people all but 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. popular models adjoin the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 past 50 percent of the amassing of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six other hospitals. The introduction has sponsored conferences upon Eastern ethics and funded academic research into traditional Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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