Hyundai Certified Warranty-Hyundai activity (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unmodified 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 shortened the Hyundai Group’s situation to encompass lonely container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the name Hyundai are not legally combined to Hyundai Group. They tally up Hyundai Motor Group, Hyundai Department hoard Group, Hyundai stifling Industries group and Hyundai build up Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by associates of Chung. If these companies were considered as forming a single spacious intimates business, then it would remain the largest company in South Korea considering gigantic economic and political capability in the country.
Hyundai was founded as a little construction unadulterated by Chung Ju-yung in 1947. Hyundai Construction began operating external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai oppressive 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 launch 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 olden 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 dwindling of the number of issue units and a plot to break occurring the group into five independent thing groups by 2003.
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Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along subsequent to 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 proficient of producing 1.6 million units annually. The company employs roughly 75,000 people just about 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 include the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 considering 50 percent of the addition of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six extra hospitals. The introduction has sponsored conferences on Eastern ethics and funded academic research into usual Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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