Hyundai Dealerships Near Me-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 total 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 reduced the Hyundai Group’s business to encompass and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publicize Hyundai are not legally associated to Hyundai Group. They swell Hyundai Motor Group, Hyundai Department stock Group, Hyundai stifling Industries charity and Hyundai early payment Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by intimates of Chung. If these companies were considered as forming a single broad intimates business, subsequently it would remain the largest company in South Korea past huge economic and diplomatic aptitude in the country.
Hyundai was founded as a small construction conclusive by Chung Ju-yung in 1947. Hyundai Construction began lively uncovered 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 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 antique PC clones marketed toward consumers instead of business.
Hyundai announced a major organization 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 concern units and a scheme to break in the works the outfit into five independent thing groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along past 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 talented of producing 1.6 million units annually. The company employs practically 75,000 people as regards the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold beyond 4.4 million vehicles worldwide. popular models augment the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 past 50 percent of the heap of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The inauguration has sponsored conferences upon Eastern ethics and funded academic research into received Korean culture. In 1991, it established the annual Filial Piety Award.
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