download pdf on internship report on hyundai
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Download pdf on internship report on hyundai
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Hyundai Group is a multinational chaebol (conglomerate) based in Seoul, South Korea. It was founded by Chung Ju-yung in 1947 as a construction company and Chung was directly in control of the company until his death in 2001.

Following the 1997 financial crisis in East Asia and Chung's death, Hyundai underwent major restructuring and disruption, reducing the Hyundai Group's business to cover only container transportation, lift manufacturing and tourism. Today, most of the companies named Hyundai are not legally bound to the Hyundai Group. These include Hyundai Motor Group, Hyundai Group of Hyundai, Hyundai Heavy Industries Group and Hyundai Development Company. However, most of the former Hyundai conglomerate subsidiaries continue to be operated by Chung's relatives. If these companies were considered as a single family business, then it would remain the largest company in South Korea with enormous economic and political power in the country.

Hyundai was founded as a small construction company by Chung Ju-yung in 1947. Hyundai Construction began operating outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam. Hyundai Motor Company was founded in 1967. Hyundai Heavy 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 establishment of Hyundai Electronics (renamed Hynix in 2001) .

In 1986, an IBM PC-XT made by Hyundai, called the Blue Chip PC, was sold in discount stores and toys in the United States. It was one of the first PC clones marketed to consumers instead of businesses. Hyundai announced a major restructuring of management in December 1995, affecting 404 executives.

In April 1999 Hyundai announced a major restructuring of the companies, with a two-thirds reduction in the number of business units and a plan to divide the group into five separate business groups by 2003.
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