Hyundai sonata Acceleration Problem-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 utter 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 edited the Hyundai Group’s event to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally associated to Hyundai Group. They complement Hyundai Motor Group, Hyundai Department deposit Group, Hyundai heavy Industries charity and Hyundai spread Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be direct by associates of Chung. If these companies were considered as forming a single spacious associates business, later it would remain the largest company in South Korea taking into account big economic and embassy capacity in the country.
Hyundai was founded as a little construction unchangeable by Chung Ju-yung in 1947. Hyundai Construction began in force uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 instigation 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 It was one of the out of date PC clones marketed toward consumers instead of business.
Hyundai announced a major handing out 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 up the action into five independent matter groups by 2003.
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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 competent of producing 1.6 million units annually. The company employs roughly 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 higher than 4.4 million vehicles worldwide. popular models affix the Sonata and Elantra mid-sized sedans.
The Asan Foundation, received by Chung Ju-yung in 1977 later 50 percent of the growth of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The introduction has sponsored conferences upon Eastern ethics and funded academic research into usual Korean culture. In 1991, it received the annual Filial Piety Award.
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