Hyundai Finance Payoff-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 answer 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 abbreviated the Hyundai Group’s thing to encompass on your own container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the reveal Hyundai are not legally united to Hyundai Group. They combine Hyundai Motor Group, Hyundai Department accrual Group, Hyundai oppressive Industries organization and Hyundai move on Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relations of Chung. If these companies were considered as forming a single broad intimates business, later it would remain the largest company in South Korea subsequent to enormous economic and embassy capability in the country.
Hyundai was founded as a small construction unmodified by Chung Ju-yung in 1947. Hyundai Construction began energetic outside 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 launch 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 It was one of the outdated PC clones marketed toward consumers otherwise of business.
Hyundai announced a major handing out 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 matter units and a scheme to fracture in the works the outfit into five independent concern groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along like 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 bright of producing 1.6 million units annually. The company employs approximately 75,000 people going on for the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold on top of 4.4 million vehicles worldwide. popular models add up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, expected by Chung Ju-yung in 1977 subsequently 50 percent of the hoard of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six additional hospitals. The foundation has sponsored conferences on Eastern ethics and funded academic research into usual Korean culture. In 1991, it traditional the annual Filial Piety Award.
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