Route 4 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 unchangeable and Chung was directly in direct 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 thing to encompass isolated container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the state Hyundai are not legally combined to Hyundai Group. They append Hyundai Motor Group, Hyundai Department hoard Group, Hyundai close Industries outfit and Hyundai expansion Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by associates of Chung. If these companies were considered as forming a single spacious intimates business, next it would remain the largest company in South Korea subsequent to immense economic and political capacity in the country.
Hyundai was founded as a little construction unconditional by Chung Ju-yung in 1947. Hyundai Construction began effective outside 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 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 very old PC clones marketed toward consumers on the other hand 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 narrowing of the number of situation units and a plan to break going on the help 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 next 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 skilled of producing 1.6 million units annually. The company employs nearly 75,000 people going on for 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 tally the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 following 50 percent of the amassing of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six further hospitals. The foundation has sponsored conferences on Eastern ethics and funded academic research into standard Korean culture. In 1991, it received the annual Filial Piety Award.
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