Scholfield Hyundai-Hyundai society (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unmodified 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 abbreviated the Hyundai Group’s event to encompass forlorn container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the proclaim Hyundai are not legally associated to Hyundai Group. They include Hyundai Motor Group, Hyundai Department amassing Group, Hyundai oppressive Industries charity and Hyundai spread Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be manage by relatives of Chung. If these companies were considered as forming a single broad relatives business, then it would remain the largest company in South Korea taking into account gigantic economic and diplomatic knack in the country.
Hyundai was founded as a little construction fixed idea by Chung Ju-yung in 1947. Hyundai Construction began in force uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai heavy 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 antediluvian PC clones marketed toward consumers otherwise of business.
Hyundai announced a major meting out 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 business units and a plan to rupture going on the outfit 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 taking into account 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 talented of producing 1.6 million units annually. The company employs approximately 75,000 people concerning 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 complement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, customary by Chung Ju-yung in 1977 behind 50 percent of the increase of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The instigation has sponsored conferences upon Eastern ethics and funded academic research into traditional Korean culture. In 1991, it standard the annual Filial Piety Award.
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