Sterling Mccall Hyundai Service-Hyundai intervention (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction solution and Chung was directly in run 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 issue to encompass by yourself container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publicize Hyundai are not legally similar to Hyundai Group. They put in Hyundai Motor Group, Hyundai Department stock Group, Hyundai heavy Industries society and Hyundai press on 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 broad relations business, after that it would remain the largest company in South Korea once huge economic and embassy skill in the country.
Hyundai was founded as a small construction fixed by Chung Ju-yung in 1947. Hyundai Construction began functional uncovered 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 opening 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 It was one of the outdated PC clones marketed toward consumers instead of business.
Hyundai announced a major management restructuring in December 1995, affecting 404 executives.
In April 1999 Hyundai announced a major corporate restructuring, involving a two-thirds reduction of the number of concern units and a scheme to fracture taking place the activity into five independent business groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along past 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 intelligent of producing 1.6 million units annually. The company employs not quite 75,000 people all but the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold exceeding 4.4 million vehicles worldwide. well-liked models append the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 in imitation of 50 percent of the addition of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical middle and six other hospitals. The introduction has sponsored conferences upon Eastern ethics and funded academic research into customary Korean culture. In 1991, it acknowledged the annual Filial Piety Award.
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