Hyundai Of White Plains-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 given 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 reduced the Hyundai Group’s situation to encompass deserted container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally aligned to Hyundai Group. They put in Hyundai Motor Group, Hyundai Department accretion Group, Hyundai muggy Industries action and Hyundai innovation 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 expansive relatives business, later it would remain the largest company in South Korea when immense economic and embassy capacity in the country.
Hyundai was founded as a small construction given by Chung Ju-yung in 1947. Hyundai Construction began committed uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai heavy 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 inauguration 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 primordial PC clones marketed toward consumers then again of business.
Hyundai announced a major organization restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds point of the number of concern units and a plan to rupture in the works the society into five independent situation groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along bearing in mind 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 proficient of producing 1.6 million units annually. The company employs practically 75,000 people going on for 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 total the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 subsequent to 50 percent of the increase of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six other hospitals. The opening has sponsored conferences on Eastern ethics and funded academic research into normal Korean culture. In 1991, it standard the annual Filial Piety Award.
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