Vision Hyundai Canandaigua-Hyundai help (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction truth and Chung was directly in control 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 unaccompanied container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the publish Hyundai are not legally partnered to Hyundai Group. They tally Hyundai Motor Group, Hyundai Department deposit Group, Hyundai muggy Industries action and Hyundai proceed 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 with vast economic and political knack in the country.
Hyundai was founded as a little construction resolution by Chung Ju-yung in 1947. Hyundai Construction began effective external 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 creation 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 very old PC clones marketed toward consumers instead of business.
Hyundai announced a major presidency 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 concern units and a plan to fracture up the work 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 afterward 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 capable of producing 1.6 million units annually. The company employs more or less 75,000 people almost 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. well-liked models affix the Sonata and Elantra mid-sized sedans.
The Asan Foundation, normal by Chung Ju-yung in 1977 later than 50 percent of the store of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical center and six new hospitals. The establishment has sponsored conferences on Eastern ethics and funded academic research into expected Korean culture. In 1991, it standard the annual Filial Piety Award.
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