Hyundai

The Hyundai Group (pronounced: Hyun-dae, meaning "modern" in Korean), founded by Chung Ju-yung in 1947 as a construction company, was once South Korea's biggest conglomerate (chaebol). The company was split into five business entities on April 1, 2003 including Hyundai Motor Group, Hyundai Group, Hyundai Department Store Group and Hyundai Development Group.

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Before restructuring began in 2000, Hyundai's major areas of activity included shipbuilding, car manufacture, construction, retailing, finance, and electronics. After it's founder died in 2001, the component companies of Hyundai were split off into separate companies. Although divested of most of the high-profile Hyundai assets, the Hyundai Group still operates. Its most high-profile operation is Hyundai Asan, involved in numerous investment projects in North Korea. Other prominent assets include Hyundai Elevator, Hyundai Merchant Marine, Hyundai Logistics, Hyundai Heavy Industries, Hyundai Corporation, Hyundai Construction and Hyundai Securities. The current CEO is Hyun Chung-eun, widow of late chairman Chung Mong-hun.

Korean: Korean may refer to:...

Chung Ju-yung: Chung Ju-yung (November 25 1915-March 21 2001) was the founder of Hyundai Group, at one time South Korea's largest multinational conglomerate (chaebol). Chung was born in Kangwŏn Province in what is now North Korea, and maintained a business interest in North Korea until his death. After his...

1947: 1947 was a common year starting on Wednesday (link will take you to calendar)....