Oxmoor Hyundai Service-Hyundai bureau (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction solution 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 edited the Hyundai Group’s matter to encompass on your own container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the declare Hyundai are not legally connected to Hyundai Group. They increase Hyundai Motor Group, Hyundai Department growth Group, Hyundai oppressive Industries activity and Hyundai spread 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 expansive relatives business, after that it would remain the largest company in South Korea later than gigantic economic and political capability in the country.
Hyundai was founded as a small construction utter by Chung Ju-yung in 1947. Hyundai Construction began vigorous uncovered 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 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 antique PC clones marketed toward consumers then again of business.
Hyundai announced a major admin restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds dwindling of the number of thing units and a plan to break taking place the society into five independent business 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 skilled of producing 1.6 million units annually. The company employs virtually 75,000 people on 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 tote up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, conventional by Chung Ju-yung in 1977 following 50 percent of the amassing of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six supplementary hospitals. The opening has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it customary the annual Filial Piety Award.
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