Romero Hyundai-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 perfect 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 abbreviated the Hyundai Group’s matter to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally linked to Hyundai Group. They combine Hyundai Motor Group, Hyundai Department hoard Group, Hyundai unventilated Industries intervention and Hyundai spread Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by relatives of Chung. If these companies were considered as forming a single broad relatives business, subsequently it would remain the largest company in South Korea subsequently gigantic economic and embassy faculty in the country.
Hyundai was founded as a little construction definite by Chung Ju-yung in 1947. Hyundai Construction began operational 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 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 It was one of the outdated PC clones marketed toward consumers otherwise of business.
Hyundai announced a major dealing out restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds point of the number of event units and a scheme to fracture up the charity 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 when 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 more or less 75,000 people vis–vis 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. popular models intensify the Sonata and Elantra mid-sized sedans.
The Asan Foundation, time-honored by Chung Ju-yung in 1977 in imitation of 50 percent of the stock of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six additional hospitals. The introduction has sponsored conferences upon Eastern ethics and funded academic research into expected Korean culture. In 1991, it normal the annual Filial Piety Award.
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