Hyundai Group
South Korean conglomerate / From Wikipedia, the free encyclopedia
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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. Chung Ju-yung was directly in control of the company until his death in 2001.
Founded | 1947; 77 years ago (1947) |
---|---|
Founder | Chung Ju-yung |
Headquarters | , |
Key people | Hyun Jeong-eun [ko] (Chairman & CEO) |
Website | www |
Hyundai Group | |
Hangul | 현대그룹 |
---|---|
Hanja | 現代그룹 |
Revised Romanization | Hyeondaegeurup |
McCune–Reischauer | Hyŏndaegŭrup |
The company spun off many of its better known businesses after the 1997 Asian financial crisis and founder Chung Ju-yung's death, including Hyundai Motor Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group. The Hyundai Group now focuses on elevators and tourism to Mount Kumgang.[needs update]