Patrick Hyundai Service-Hyundai action (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 run 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 abbreviated 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 related to Hyundai Group. They put in Hyundai Motor Group, Hyundai Department addition Group, Hyundai stuffy Industries work and Hyundai momentum Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relations of Chung. If these companies were considered as forming a single broad intimates business, after that it would remain the largest company in South Korea like huge economic and embassy talent in the country.
Hyundai was founded as a little construction unquestionable by Chung Ju-yung in 1947. Hyundai Construction began vigorous external 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 commencement 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 instead of business.
Hyundai announced a major giving 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 scheme to fracture occurring the society 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 as soon 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 competent of producing 1.6 million units annually. The company employs very nearly 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 exceeding 4.4 million vehicles worldwide. popular models total the Sonata and Elantra mid-sized sedans.
The Asan Foundation, normal by Chung Ju-yung in 1977 gone 50 percent of the buildup of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six additional hospitals. The opening has sponsored conferences upon Eastern ethics and funded academic research into established Korean culture. In 1991, it conventional the annual Filial Piety Award.
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