Hyundai Dealers In Md-Hyundai society (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction solution and Chung was directly in rule 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 thing to encompass deserted container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally connected to Hyundai Group. They tally up Hyundai Motor Group, Hyundai Department hoard Group, Hyundai oppressive Industries intervention and Hyundai momentum Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by family of Chung. If these companies were considered as forming a single broad family business, later it would remain the largest company in South Korea later than immense economic and embassy knack in the country.
Hyundai was founded as a little construction resolution 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 heavy 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 introduction 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 very old PC clones marketed toward consumers on the other hand of business.
Hyundai announced a major admin 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 situation units and a plan to fracture happening the help into five independent situation groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along when 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 skilled of producing 1.6 million units annually. The company employs practically 75,000 people roughly speaking the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold greater than 4.4 million vehicles worldwide. well-liked models insert the Sonata and Elantra mid-sized sedans.
The Asan Foundation, normal by Chung Ju-yung in 1977 gone 50 percent of the collection of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six supplementary hospitals. The commencement has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it received the annual Filial Piety Award.
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