Porter Hyundai Service-Hyundai outfit (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction perfect 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 condensed the Hyundai Group’s issue to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the broadcast Hyundai are not legally combined to Hyundai Group. They complement Hyundai Motor Group, Hyundai Department collection Group, Hyundai stuffy Industries help and Hyundai improve 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 associates business, subsequently it would remain the largest company in South Korea subsequently huge economic and diplomatic talent in the country.
Hyundai was founded as a small construction resolution by Chung Ju-yung in 1947. Hyundai Construction began energetic external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 creation 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 antiquated PC clones marketed toward consumers otherwise of business.
Hyundai announced a major direction 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 event units and a plan to rupture occurring the organization into five independent matter groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along past 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 virtually 75,000 people on the order of 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 augment the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 subsequently 50 percent of the increase of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six further hospitals. The instigation has sponsored conferences upon Eastern ethics and funded academic research into time-honored Korean culture. In 1991, it traditional the annual Filial Piety Award.
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