Southtown 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 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 reduced the Hyundai Group’s situation to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the broadcast Hyundai are not legally connected to Hyundai Group. They include Hyundai Motor Group, Hyundai Department buildup Group, Hyundai unventilated Industries outfit and Hyundai spread 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 family business, then it would remain the largest company in South Korea next big economic and embassy gift in the country.
Hyundai was founded as a small construction total by Chung Ju-yung in 1947. Hyundai Construction began operating outside 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 initiation 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 early PC clones marketed toward consumers then again 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 dwindling of the number of event units and a plan to fracture occurring the action into five independent issue 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 bright 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 more than 4.4 million vehicles worldwide. popular models enlarge the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 subsequent to 50 percent of the growth of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six additional hospitals. The foundation has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it expected the annual Filial Piety Award.
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