Morries Hyundai-Hyundai society (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction utter 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 condensed the Hyundai Group’s concern to encompass unaccompanied container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the say Hyundai are not legally joined to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department accrual Group, Hyundai muggy Industries organization and Hyundai fee Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by family of Chung. If these companies were considered as forming a single spacious family business, after that it would remain the largest company in South Korea following big economic and diplomatic capacity in the country.
Hyundai was founded as a little construction total by Chung Ju-yung in 1947. Hyundai Construction began in action 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 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 early PC clones marketed toward consumers on the other hand 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 narrowing of the number of situation units and a plan to break going on 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 in the same way as 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 bright of producing 1.6 million units annually. The company employs practically 75,000 people roughly the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold over 4.4 million vehicles worldwide. popular models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, traditional by Chung Ju-yung in 1977 in the manner of 50 percent of the growth of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six further hospitals. The start has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it expected the annual Filial Piety Award.
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Morrie s 394 Hyundai
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