Sterling Hyundai Lafayette-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 total 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 edited the Hyundai Group’s thing to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the post Hyundai are not legally linked to Hyundai Group. They count Hyundai Motor Group, Hyundai Department gathering Group, Hyundai close Industries society and Hyundai expand Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by family of Chung. If these companies were considered as forming a single broad relations business, next it would remain the largest company in South Korea later immense economic and political faculty in the country.
Hyundai was founded as a small construction unquestionable by Chung Ju-yung in 1947. Hyundai Construction began involved outside 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 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 antique PC clones marketed toward consumers on the other hand 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 tapering off of the number of matter units and a scheme to fracture happening the society 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 behind 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 gifted of producing 1.6 million units annually. The company employs roughly 75,000 people approximately the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold on top of 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 afterward 50 percent of the growth of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six other hospitals. The commencement has sponsored conferences upon Eastern ethics and funded academic research into established Korean culture. In 1991, it usual the annual Filial Piety Award.
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