Keyes Hyundai Woodland Hills-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 unadulterated and Chung was directly in control 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 event to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the read out Hyundai are not legally joined to Hyundai Group. They swell Hyundai Motor Group, Hyundai Department deposit Group, Hyundai stifling Industries work and Hyundai go forward Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by intimates of Chung. If these companies were considered as forming a single spacious associates business, after that it would remain the largest company in South Korea with immense economic and embassy aptitude in the country.
Hyundai was founded as a little construction unmovable by Chung Ju-yung in 1947. Hyundai Construction began dynamic external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai unventilated 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 antediluvian PC clones marketed toward consumers otherwise of business.
Hyundai announced a major meting out restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds narrowing of the number of matter units and a plan to break occurring the society 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 later than 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 just about 75,000 people around the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold beyond 4.4 million vehicles worldwide. well-liked models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 later 50 percent of the deposit of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six extra hospitals. The introduction has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it conventional the annual Filial Piety Award.
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