Hyundai Dealers Mn-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 fixed idea and Chung was directly in control 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 event to encompass lonesome container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the read out Hyundai are not legally related to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department addition Group, Hyundai close Industries help and Hyundai improve 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 expansive relations business, then it would remain the largest company in South Korea behind enormous economic and embassy capability in the country.
Hyundai was founded as a little construction answer by Chung Ju-yung in 1947. Hyundai Construction began functioning uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 creation 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 antiquated PC clones marketed toward consumers then again of business.
Hyundai announced a major executive restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds reduction of the number of business units and a plot to break happening the group into five independent event groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along later 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 clever of producing 1.6 million units annually. The company employs just about 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 higher than 4.4 million vehicles worldwide. popular models swell the Sonata and Elantra mid-sized sedans.
The Asan Foundation, conventional by Chung Ju-yung in 1977 later than 50 percent of the increase of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six further hospitals. The commencement has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it conventional the annual Filial Piety Award.
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