Zimmerman Hyundai-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 unconditional and Chung was directly in direct 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 thing to encompass only container shipping services, the manufacturing of lifts, and tourism. Today, most companies bearing the post Hyundai are not legally aligned to Hyundai Group. They affix Hyundai Motor Group, Hyundai Department increase Group, Hyundai close Industries work and Hyundai improvement 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 spacious relations business, then it would remain the largest company in South Korea taking into consideration huge economic and diplomatic capacity in the country.
Hyundai was founded as a small construction truth by Chung Ju-yung in 1947. Hyundai Construction began working 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 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 earliest PC clones marketed toward consumers on the other hand 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 event units and a scheme to rupture going on the charity into five independent issue groups by 2003.
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Hyundai Motor Company
Hyundai branded vehicles are manufactured by Hyundai Motor Company, which along considering 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 bright of producing 1.6 million units annually. The company employs more or less 75,000 people regarding the world. Hyundai vehicles are sold in 193 countries through some 6,000 dealerships and showrooms worldwide. In 2012, Hyundai sold over 4.4 million vehicles worldwide. well-liked models total the Sonata and Elantra mid-sized sedans.
The Asan Foundation, expected by Chung Ju-yung in 1977 taking into account 50 percent of the stock of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical center and six supplementary hospitals. The opening has sponsored conferences on Eastern ethics and funded academic research into conventional Korean culture. In 1991, it standard the annual Filial Piety Award.
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