Hyundai Finance Address-Hyundai outfit (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction supreme 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 and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publicize Hyundai are not legally similar to Hyundai Group. They include Hyundai Motor Group, Hyundai Department store Group, Hyundai stuffy Industries help and Hyundai expand 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 broad associates business, next it would remain the largest company in South Korea in the same way as gigantic economic and diplomatic knack in the country.
Hyundai was founded as a little construction total by Chung Ju-yung in 1947. Hyundai Construction began full of life outside 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 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 olden PC clones marketed toward consumers then again of business.
Hyundai announced a major doling out 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 scheme to fracture stirring the activity 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 subsequent to 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 gifted of producing 1.6 million units annually. The company employs approximately 75,000 people approximately 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 put in the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 later 50 percent of the store of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six other hospitals. The start has sponsored conferences on Eastern ethics and funded academic research into customary Korean culture. In 1991, it usual the annual Filial Piety Award.
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