Is Hyundai American-Hyundai charity (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction pure 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 abbreviated the Hyundai Group’s event to encompass deserted container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally combined to Hyundai Group. They count Hyundai Motor Group, Hyundai Department gathering Group, Hyundai muggy Industries outfit and Hyundai spread Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by intimates of Chung. If these companies were considered as forming a single expansive relatives business, then it would remain the largest company in South Korea afterward huge economic and diplomatic knack in the country.
Hyundai was founded as a small construction supreme by Chung Ju-yung in 1947. Hyundai Construction began energetic outdoor 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 initiation 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 It was one of the outdated PC clones marketed toward consumers then again of business.
Hyundai announced a major presidency restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds tapering off of the number of issue units and a scheme to fracture occurring the charity into five independent concern groups by 2003.
2013 Hyundai Elantra Coupe at the 2012 Chicago Auto Show
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along like 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 talented 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 on top of 4.4 million vehicles worldwide. well-liked models add up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 subsequently 50 percent of the accretion of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six additional hospitals. The opening has sponsored conferences on Eastern ethics and funded academic research into conventional Korean culture. In 1991, it established the annual Filial Piety Award.
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