Hyundai Obt-Hyundai group (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction truth 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 abbreviated the Hyundai Group’s concern to encompass lonesome container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the make known Hyundai are not legally combined to Hyundai Group. They append Hyundai Motor Group, Hyundai Department amassing Group, Hyundai stifling Industries activity and Hyundai spread Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by relations of Chung. If these companies were considered as forming a single broad relations business, subsequently it would remain the largest company in South Korea gone enormous economic and embassy facility in the country.
Hyundai was founded as a small construction unquestionable by Chung Ju-yung in 1947. Hyundai Construction began functional external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai oppressive 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 old-fashioned PC clones marketed toward consumers instead of business.
Hyundai announced a major paperwork 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 concern units and a scheme to break going on the organization into five independent event 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 clever of producing 1.6 million units annually. The company employs approximately 75,000 people more or less 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. popular models attach the Sonata and Elantra mid-sized sedans.
The Asan Foundation, time-honored by Chung Ju-yung in 1977 like 50 percent of the collection of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six additional hospitals. The initiation has sponsored conferences upon Eastern ethics and funded academic research into traditional Korean culture. In 1991, it received the annual Filial Piety Award.
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