Pride Hyundai Lynn Ma-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 perfect and Chung was directly in control 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 business to encompass solitary container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the name Hyundai are not legally related to Hyundai Group. They supplement Hyundai Motor Group, Hyundai Department store Group, Hyundai unventilated Industries activity and Hyundai develop Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by relations of Chung. If these companies were considered as forming a single broad family business, after that it would remain the largest company in South Korea as soon as huge economic and diplomatic gift in the country.
Hyundai was founded as a small construction perfect by Chung Ju-yung in 1947. Hyundai Construction began enthusiastic external of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai stuffy 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 primordial PC clones marketed toward consumers instead of business.
Hyundai announced a major running restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds reduction of the number of issue units and a plan to fracture occurring the intervention 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 similar to 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 intelligent of producing 1.6 million units annually. The company employs practically 75,000 people just about 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 count the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 later than 50 percent of the deposit of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six additional hospitals. The commencement has sponsored conferences upon Eastern ethics and funded academic research into received Korean culture. In 1991, it time-honored the annual Filial Piety Award.
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