Hyundai northlake-Hyundai society (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction firm and Chung was directly in govern 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 shortened the Hyundai Group’s concern to encompass abandoned container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the proclaim Hyundai are not legally combined to Hyundai Group. They improve Hyundai Motor Group, Hyundai Department heap Group, Hyundai unventilated Industries organization and Hyundai forward movement Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relations of Chung. If these companies were considered as forming a single broad family business, next it would remain the largest company in South Korea as soon as big economic and embassy capability in the country.
Hyundai was founded as a small construction supreme by Chung Ju-yung in 1947. Hyundai Construction began effective 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 prehistoric PC clones marketed toward consumers on the other hand of business.
Hyundai announced a major dispensation restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds dwindling of the number of situation units and a plot to break happening the society into five independent issue groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along subsequently 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 competent of producing 1.6 million units annually. The company employs virtually 75,000 people regarding 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. well-liked models increase the Sonata and Elantra mid-sized sedans.
The Asan Foundation, time-honored by Chung Ju-yung in 1977 like 50 percent of the growth of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six new hospitals. The foundation has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it customary the annual Filial Piety Award.
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