Planet Hyundai Las Vegas-Hyundai organization (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 govern 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 concern to encompass and no-one else container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the read out Hyundai are not legally amalgamated to Hyundai Group. They add up Hyundai Motor Group, Hyundai Department store Group, Hyundai unventilated Industries bureau and Hyundai proceed Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by associates of Chung. If these companies were considered as forming a single broad associates business, next it would remain the largest company in South Korea with big economic and diplomatic talent in the country.
Hyundai was founded as a small construction fixed idea by Chung Ju-yung in 1947. Hyundai Construction began functioning outside 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 start 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 otherwise of business.
Hyundai announced a major doling 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 thing units and a scheme to rupture taking place the outfit into five independent thing groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along behind 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 approximately 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 count up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 with 50 percent of the hoard of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six other hospitals. The instigation has sponsored conferences on Eastern ethics and funded academic research into established Korean culture. In 1991, it usual the annual Filial Piety Award.
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