Hyundai Football Commercial-Hyundai intervention (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction fixed 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 reduced the Hyundai Group’s concern to encompass deserted container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the say Hyundai are not legally joined to Hyundai Group. They affix Hyundai Motor Group, Hyundai Department addition Group, Hyundai stifling Industries group and Hyundai progress 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 family business, subsequently it would remain the largest company in South Korea following big economic and political talent in the country.
Hyundai was founded as a little construction unmodified by Chung Ju-yung in 1947. Hyundai Construction began on the go outdoor of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 initiation 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 primeval PC clones marketed toward consumers then again of business.
Hyundai announced a major presidency 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 issue units and a plot to break up the activity into five independent matter groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along once 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 intelligent of producing 1.6 million units annually. The company employs just about 75,000 people re the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold greater than 4.4 million vehicles worldwide. well-liked models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 with 50 percent of the stock of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six additional hospitals. The start has sponsored conferences on Eastern ethics and funded academic research into established Korean culture. In 1991, it expected the annual Filial Piety Award.
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