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Hyundai (Korean
pronunciation: [hjəːn.dɛ][1])
is a group of companies founded
by
Chung Ju-yung in
South Korea. The first
Hyundai company was founded in
1947 as a
construction company.
Some of the best-known Hyundai divisions are
Hyundai Motor Company, the world's fourth largest
automaker[2]
and
Hyundai Heavy Industries, the world's largest
shipbuilder.[3]
Other companies currently or formerly controlled by
members of Chung's extended family may be loosely
referred to as a part of the Hyundai
chaebol.
In 1998 Hyundai bought
Kia Motors, another South Korean company.
Hyundai Group underwent a massive restructuring
following the
1997 East Asian financial crisis and the founder's
death in 2001. Today many companies bearing the name
Hyundai are not part of or connected to the Hyundai
Group. Some of the larger former members of the
conglomerate include
Hyundai Group,
Hyundai Kia Automotive Group,
Hyundai Department Store Group,
Hyundai Heavy Industries Group, and
Hyundai Development Group. Following the conception,
Hyundai Group's business remains manufacturing of
elevators, container shipping services, and tourism.
Above courtesy of
Wikipeda
- Hyundai
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