Hyundai sonata Airbag Light-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 answer and Chung was directly in run 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 matter to encompass and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the declare Hyundai are not legally related to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department buildup Group, Hyundai muggy Industries charity and Hyundai early payment Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relatives of Chung. If these companies were considered as forming a single spacious family business, after that it would remain the largest company in South Korea as soon as big economic and embassy faculty in the country.
Hyundai was founded as a small construction unqualified by Chung Ju-yung in 1947. Hyundai Construction began functioning outside 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 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 earliest PC clones marketed toward consumers instead of business.
Hyundai announced a major government 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 matter units and a plan to fracture in the works the action 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 past 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 capable of producing 1.6 million units annually. The company employs more or less 75,000 people not far off from 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 increase the Sonata and Elantra mid-sized sedans.
The Asan Foundation, established by Chung Ju-yung in 1977 in the same way as 50 percent of the accrual of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six new hospitals. The opening has sponsored conferences on Eastern ethics and funded academic research into acknowledged Korean culture. In 1991, it usual the annual Filial Piety Award.
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