Hyundai Burlingame-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 complete 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 abbreviated the Hyundai Group’s situation to encompass unaccompanied container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the herald Hyundai are not legally related to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department hoard Group, Hyundai stifling Industries work and Hyundai early payment Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relatives of Chung. If these companies were considered as forming a single expansive relatives business, next it would remain the largest company in South Korea in the manner of enormous economic and diplomatic facility in the country.
Hyundai was founded as a small construction solution by Chung Ju-yung in 1947. Hyundai Construction began involved 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 initiation 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 organization 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 business units and a plot to rupture happening the group into five independent situation groups by 2003.
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Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along afterward 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 bright of producing 1.6 million units annually. The company employs nearly 75,000 people around 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. well-liked models attach the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 in the same way as 50 percent of the collection of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The launch has sponsored conferences upon Eastern ethics and funded academic research into time-honored Korean culture. In 1991, it expected the annual Filial Piety Award.
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