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Hyundai Group (Korean: 현대그룹; Korean pronunciation: [ˈhjəːndɛ] [1]) is a South Korean conglomerate founded by Chung Ju-yung. The group was founded in 1947 as a construction company . With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second chaebol .
Founder of Hyundai Motor. Left the Hyundai Group with Hyundai Development Co., Ltd., the leading housing builder in Korea. [23] [24] Chung Shin-yung (1931–1962). Died in a car accident in Germany while working as a journalist for a Korean newspaper company. His only son, Chung Mong-hyuk, ran Hyundai Oilbank, the third largest oil refiner in ...
Worldwide sales in 2005 reached 2,533,695 units, an 11 percent increase over the previous year. In 2011, Hyundai sold 4.05 million cars worldwide and the Hyundai Motor Group was the world's fourth largest automaker behind GM, Volkswagen and Toyota. [38] [39] Hyundai vehicles are sold in 193 countries through some 5,000 dealerships.
This full-scale war between the Chinese and the Empire of Japan is often regarded as the beginning of World War II in Asia. (However, according to the Chinese Ministry of Education, it marked only a phase in a 14-year war that began with the 1931 invasion of Manchuria. [1])
In November 2008, Hyundai opened the European plant in Nošovice, Czech Republic, following an investment of over 1 billion euros and over two years of construction. [ 28 ] [ 29 ] The plant, which mainly manufactures the i30 and Tucson for the European market, has an annual capacity of 300,000 cars. [ 30 ]
The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% [5] of Kia Motors.. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025.
Hyundai is a South Korean industrial conglomerate ("chaebol"), which was restructured into the following groups: Hyundai Group , parts of the former conglomerate which have not been divested Hyundai Asan , a real estate construction and civil engineering company
1937: Suzuki begins a project to diversify into manufacturing small cars. Within two years several innovative prototypes are completed, but the government declares civilian passenger cars a "non-essential commodity" at the onset of World War II, thwarting production plans. [27] 1940: Takatsuka Plant is built in Kami-mura, Hamana-gun, Shizuoka ...