Hyundai Logo – Hyundai is a conglomerate of companies and businesses in South Korea , which was founded in 1947 by Chung Ju-yung. Among the many firms that own the group is the mark of car Hyundai Motor Company, the fourth largest car manufacturer in the world (if one takes into account the numbers of Kia, its subsidiary), and Hyundai Heavy Industries, the manufacturer of ships and the world’s largest machinery.
The company has been one of the most influential industrial conglomerates in South Korea’s economy. During the Asian financial crisis of 1998, Hyundai has accumulated heavy losses that led him to dismantle the group companies independent. Today is the second chaebol largest behind Samsung.
In 1947 the entrepreneur Chung Ju-yung founded a company dedicated to the construction and repair of automobiles, which achieved rapid growth through the various works that South Korea undertook after the Korean War. The Hyundai group began operating as a conglomerate (in Korean chaebol) in collaboration with the country’s government and military forces of the United States , interested in reviving the economy through the development of industry.
The conglomerate began to include various sectors of the economy such as infrastructure development, industrial development and manufacture of housing, which the company reported multiple contracts and benefits. Through the various development plans of the government of South Korea, Hyundai Group was able to create facilities like cement factory of Danyang in 1964, producing one million tons of cement. In 1965 began to produce works for the stranger with the construction of highways in Thailand, and later in the Middle East and other markets that were not being exploited by European and American companies.