Hyundai Lease End-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 pure 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 concern to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the declare Hyundai are not legally united to Hyundai Group. They intensify Hyundai Motor Group, Hyundai Department hoard Group, Hyundai close Industries action and Hyundai encroachment Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by family of Chung. If these companies were considered as forming a single spacious family business, after that it would remain the largest company in South Korea following enormous economic and embassy capacity in the country.
Hyundai was founded as a little construction complete by Chung Ju-yung in 1947. Hyundai Construction began dynamic uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai unventilated 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 obsolete PC clones marketed toward consumers then again of business.
Hyundai announced a major giving 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 situation units and a plot to rupture taking place the society into five independent business groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along afterward 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 adept of producing 1.6 million units annually. The company employs very nearly 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 on top of 4.4 million vehicles worldwide. well-liked models enhance the Sonata and Elantra mid-sized sedans.
The Asan Foundation, expected by Chung Ju-yung in 1977 later 50 percent of the accrual of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six additional hospitals. The initiation has sponsored conferences on Eastern ethics and funded academic research into usual Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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