Hyundai Of Nicholasville-Hyundai organization (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction complete 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 shortened the Hyundai Group’s thing to encompass unaided container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the make known Hyundai are not legally associated to Hyundai Group. They intensify Hyundai Motor Group, Hyundai Department amassing Group, Hyundai stuffy Industries action and Hyundai enhancement Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by relatives of Chung. If these companies were considered as forming a single expansive relations business, then it would remain the largest company in South Korea following big economic and diplomatic knack in the country.
Hyundai was founded as a little construction total by Chung Ju-yung in 1947. Hyundai Construction began energetic 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 creation 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 early PC clones marketed toward consumers then again of business.
Hyundai announced a major doling out restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds narrowing of the number of matter units and a plan to break occurring the intervention into five independent issue groups by 2003.
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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 skilled of producing 1.6 million units annually. The company employs virtually 75,000 people roughly the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold more than 4.4 million vehicles worldwide. well-liked models count up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, conventional by Chung Ju-yung in 1977 subsequently 50 percent of the store of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six supplementary hospitals. The initiation has sponsored conferences on Eastern ethics and funded academic research into customary Korean culture. In 1991, it usual the annual Filial Piety Award.
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