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Hyundai Group
[1]
(
Hangul
:
現代그룹
;
Hanja
:
現代그룹
,
pronounced
[hj?ːnd?]
) is a corporate group heidquairtered in
Seoul
,
South Korea
. It wis foondit bi
Chung Ju-yung
in 1947 as a
construction
firm an Chung wis directly in control o the company till his daith in 2001.
Follaein the
1997 Asie financial creesis
an Chung's daith, Hyundai unnerwent a major restructurin an break-up, which reducit the
Hyundai Group
's business tae encompass anerly conteener shippin services, the manufacturin o elevators, an tourism. The day, maist companies bearin the name Hyundai are no legally connectit tae Hyundai Group. They include
Hyundai Motor Group
,
Hyundai Department Store Group
,
Hyundai Heavy Industries Group
an
Hyundai Development Company
. Housomeivver, maist o the umwhile subsidiars o the Hyundai conglomerate continue tae be run bi relatives o Chung. If these companies wur considered as fuirmin a single broad faimily business, then it wad remain the lairgest company in Sooth Korea wi enormous economic an poleetical pouer in the kintra.
The name "Hyundai" comes frae the Korean wird 現代 (
hanja
form), which means "modrenity".
[2]
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