Is Hyundai A foreign Car-Hyundai work (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction fixed and Chung was directly in direct 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 issue to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the say Hyundai are not legally related to Hyundai Group. They add together Hyundai Motor Group, Hyundai Department heap Group, Hyundai muggy Industries society and Hyundai development Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by associates of Chung. If these companies were considered as forming a single spacious relatives business, next it would remain the largest company in South Korea subsequently enormous economic and diplomatic aptitude in the country.
Hyundai was founded as a little construction fixed 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 stuffy 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 dated PC clones marketed toward consumers instead of business.
Hyundai announced a major executive restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds lessening of the number of matter units and a plot to break taking place the intervention 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 later 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 gifted of producing 1.6 million units annually. The company employs virtually 75,000 people as regards the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold exceeding 4.4 million vehicles worldwide. popular models tote up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 considering 50 percent of the increase of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six extra hospitals. The initiation has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it customary the annual Filial Piety Award.
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