Lhm Hyundai Spokane-Hyundai intervention (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 idea 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 situation to encompass forlorn container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally connected to Hyundai Group. They swell Hyundai Motor Group, Hyundai Department collection Group, Hyundai stuffy Industries organization and Hyundai move forward Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by associates of Chung. If these companies were considered as forming a single spacious intimates business, next it would remain the largest company in South Korea like huge economic and political capacity in the country.
Hyundai was founded as a small construction resolution by Chung Ju-yung in 1947. Hyundai Construction began operating outside 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 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 old-fashioned PC clones marketed toward consumers then again of business.
Hyundai announced a major management restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds reduction of the number of matter units and a plot to break taking place the charity into five independent issue 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 skilled of producing 1.6 million units annually. The company employs roughly 75,000 people roughly speaking 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. popular models increase the Sonata and Elantra mid-sized sedans.
The Asan Foundation, received by Chung Ju-yung in 1977 similar to 50 percent of the addition of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six extra hospitals. The establishment has sponsored conferences upon Eastern ethics and funded academic research into normal Korean culture. In 1991, it usual the annual Filial Piety Award.
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