Hyundai Dealership Frederick Md-Hyundai work (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction firm 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 condensed the Hyundai Group’s business to encompass forlorn container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the name Hyundai are not legally united to Hyundai Group. They put in Hyundai Motor Group, Hyundai Department hoard Group, Hyundai close Industries charity and Hyundai evolve Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by relatives of Chung. If these companies were considered as forming a single spacious family business, next it would remain the largest company in South Korea once immense economic and political capability in the country.
Hyundai was founded as a small construction fixed 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 stuffy 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 instigation 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 on the other hand of business.
Hyundai announced a major direction restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds point of the number of issue units and a plan to break up the work into five independent business 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 competent of producing 1.6 million units annually. The company employs just about 75,000 people approaching 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. well-liked models adjoin the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 in the manner of 50 percent of the amassing of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The inauguration has sponsored conferences upon Eastern ethics and funded academic research into customary Korean culture. In 1991, it standard the annual Filial Piety Award.
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