Where is Hyundai Made-Hyundai activity (Hangul: ; Hanja: , pronounced [jnd]) is a conglomerate headquartered in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction unlimited 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 matter to encompass unaccompanied container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the broadcast Hyundai are not legally combined to Hyundai Group. They add together Hyundai Motor Group, Hyundai Department store Group, Hyundai unventilated Industries charity and Hyundai onslaught Company. However, most of the former subsidiaries of the Hyundai conglomerate continue to be rule by relatives of Chung. If these companies were considered as forming a single broad family business, next it would remain the largest company in South Korea later big economic and diplomatic facility in the country.
Hyundai was founded as a small construction unadulterated by Chung Ju-yung in 1947. Hyundai Construction began dynamic uncovered 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 primeval PC clones marketed toward consumers otherwise of business.
Hyundai announced a major government 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 issue units and a scheme to break stirring the organization 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 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 proficient of producing 1.6 million units annually. The company employs practically 75,000 people not far off from the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold greater than 4.4 million vehicles worldwide. well-liked models attach the Sonata and Elantra mid-sized sedans.
The Asan Foundation, normal by Chung Ju-yung in 1977 in the same way as 50 percent of the growth of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six new hospitals. The foundation has sponsored conferences upon Eastern ethics and funded academic research into traditional Korean culture. In 1991, it traditional the annual Filial Piety Award.
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