Hyundai Dealership Milwaukee-Hyundai bureau (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 reduced the Hyundai Group’s matter to encompass lonely container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the proclaim Hyundai are not legally similar to Hyundai Group. They insert Hyundai Motor Group, Hyundai Department growth Group, Hyundai muggy Industries outfit and Hyundai go ahead Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by intimates of Chung. If these companies were considered as forming a single broad relatives business, then it would remain the largest company in South Korea gone huge economic and diplomatic facility in the country.
Hyundai was founded as a small construction unadulterated by Chung Ju-yung in 1947. Hyundai Construction began enthusiastic outdoor of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai muggy 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 inauguration 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 antediluvian PC clones marketed toward consumers otherwise of business.
Hyundai announced a major government 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 thing units and a plot to break up the help into five independent concern 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 clever of producing 1.6 million units annually. The company employs not quite 75,000 people nearly the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold exceeding 4.4 million vehicles worldwide. popular models insert the Sonata and Elantra mid-sized sedans.
The Asan Foundation, received by Chung Ju-yung in 1977 when 50 percent of the deposit of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six other hospitals. The start has sponsored conferences upon Eastern ethics and funded academic research into usual Korean culture. In 1991, it usual the annual Filial Piety Award.
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