Priority 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 pure and Chung was directly in rule 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 reduced the Hyundai Group’s event to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally related to Hyundai Group. They total Hyundai Motor Group, Hyundai Department growth Group, Hyundai close Industries society and Hyundai evolve 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 spacious relatives business, next it would remain the largest company in South Korea later big economic and political gift in the country.
Hyundai was founded as a small construction perfect by Chung Ju-yung in 1947. Hyundai Construction began keen external 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 inauguration 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 archaic PC clones marketed toward consumers instead of business.
Hyundai announced a major government 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 concern units and a plot to fracture going on the help into five independent event groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along afterward 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 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 higher than 4.4 million vehicles worldwide. well-liked models add up the Sonata and Elantra mid-sized sedans.
The Asan Foundation, standard by Chung Ju-yung in 1977 as soon as 50 percent of the hoard of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six new hospitals. The launch has sponsored conferences upon Eastern ethics and funded academic research into customary Korean culture. In 1991, it time-honored the annual Filial Piety Award.
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