Jones Junction Hyundai-Hyundai help (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unchangeable 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 thing to encompass and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the reveal Hyundai are not legally similar to Hyundai Group. They append Hyundai Motor Group, Hyundai Department stock Group, Hyundai oppressive Industries help and Hyundai take forward Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by relatives of Chung. If these companies were considered as forming a single expansive relatives business, after that it would remain the largest company in South Korea like big economic and diplomatic capacity in the country.
Hyundai was founded as a little construction supreme by Chung Ju-yung in 1947. Hyundai Construction began effective uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai oppressive 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 start 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 olden PC clones marketed toward consumers then again of business.
Hyundai announced a major supervision 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 issue units and a scheme to fracture stirring the outfit into five independent event groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along similar to 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 approximately 75,000 people all but 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. popular models supplement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, time-honored by Chung Ju-yung in 1977 afterward 50 percent of the store of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six extra hospitals. The instigation has sponsored conferences upon Eastern ethics and funded academic research into received Korean culture. In 1991, it time-honored the annual Filial Piety Award.
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