Tarbox Hyundai Service-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 fixed 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 shortened the Hyundai Group’s concern to encompass unaided container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the make known Hyundai are not legally similar to Hyundai Group. They include Hyundai Motor Group, Hyundai Department growth Group, Hyundai muggy Industries organization and Hyundai progress Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be govern by relatives of Chung. If these companies were considered as forming a single spacious associates business, then it would remain the largest company in South Korea once immense economic and diplomatic gift in the country.
Hyundai was founded as a small construction final by Chung Ju-yung in 1947. Hyundai Construction began effective outdoor 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 start 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 prehistoric PC clones marketed toward consumers then again of business.
Hyundai announced a major paperwork 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 plot to fracture 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 gone 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 clever of producing 1.6 million units annually. The company employs approximately 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 exceeding 4.4 million vehicles worldwide. popular models improve the Sonata and Elantra mid-sized sedans.
The Asan Foundation, usual by Chung Ju-yung in 1977 afterward 50 percent of the addition of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six supplementary hospitals. The inauguration has sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it time-honored the annual Filial Piety Award.
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