What Country is Hyundai From-Hyundai bureau (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction utter 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 condensed the Hyundai Group’s thing to encompass abandoned container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the pronounce Hyundai are not legally related to Hyundai Group. They add up Hyundai Motor Group, Hyundai Department gathering Group, Hyundai stifling Industries bureau and Hyundai fee Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be control by intimates of Chung. If these companies were considered as forming a single expansive relations business, later it would remain the largest company in South Korea with big economic and diplomatic capacity in the country.
Hyundai was founded as a little construction supreme by Chung Ju-yung in 1947. Hyundai Construction began in action uncovered of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam.
Hyundai Motor Company was founded in 1967. Hyundai close 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 launch 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 antediluvian PC clones marketed toward consumers otherwise 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 thing units and a scheme to break taking place the outfit into five independent matter 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 competent of producing 1.6 million units annually. The company employs virtually 75,000 people in this area 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 complement the Sonata and Elantra mid-sized sedans.
The Asan Foundation, acknowledged by Chung Ju-yung in 1977 later 50 percent of the buildup of Hyundai Construction, subsidizes medical facilities in Korea primarily through the Asan Medical middle and six new hospitals. The creation has sponsored conferences upon Eastern ethics and funded academic research into conventional Korean culture. In 1991, it received the annual Filial Piety Award.
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