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Topic: Hyundai Group

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	Hyundai Motor Group - Wikipedia, the free encyclopedia
		The Hyundai Group, founded by Chung Ju-yung in 1947 as a construction company, was once South Korea's biggest conglomerate (chaebol).
		Hyundai entered the United States market in 1986 with different Excel and Sonata, Stellar, Pony models.
		In 2004, Hyundai tied with Honda for initial brand quality in a survey/study from J.D. Power and Associates, for having 102 problems per 100 vehicles.
	en.wikipedia.org /wiki/Hyundai_Motor_Group (428 words)

	Asia Times: Time for the Hyundai Group to take stock
		Hyundai Securities Co, whose executives tendered their resignations en masse on Thursday, also acknowledged 90 billion won in losses as of the third quarter last year and that it expects to remain in the red in 2001.
		Hyundai Electronics Industries is also experiencing a liquidity crunch that it has not been able to shake since it took on a huge debt to buy the chip building arm of LG.
		Despite the current crisises in the Hyundai Group, Chung is one of the most respected figures in Korea for his pivotal role in Korea's economic miracle.
	www.atimes.com /koreas/CC23Dg01.html (1330 words)

	Korea banks agree to roll over Hyundai Eng paper (Site not responding. Last check: 2007-11-07)
		Aimar: Hyundai Group’s revenues are estimated to account for 20 percent of South Korea’s gross domestic product (GDP), so the conglomerates recent cashflow problems prompt not only credit risk issues for the company, but also sovereign risk troubles for the government.
		The Hyundai Group first began to reveal the extent of its difficulties in late May at the height of struggle over power within the Group between two of the sons of founder Chung Ju-yung.
		Hyundai executives are reacting to the events with defensive responses and denials, according to risk experts.
	www.bradynet.com /bbs/asia/100042-0.html (1759 words)

	Encyclopedia: Hyundai Motor Group
		Hyundai Stellar is a midsized rear wheel drive car, that was produced by Hyundai Motor Company.
		The Hyundai Group (pronounced: Hyun-dae, meaning modern in Korean), founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol).
		Hyundai Asan is an arm of the Hyundai Group and a major investor in North Korea.
	www.nationmaster.com /encyclopedia/Hyundai-Motor-Group (945 words)

	Asia Times - News and analysis from Korea; North and South
		KCC founder Chung, who is the youngest brother of the late Hyundai Group founder, and KCC affiliates have also increased their stake in Hyundai Merchant Marine, another main pillar of the Hyundai Group, by 3.95 percent over the past month to 6.93 percent.
		Hyundai Elevator is the largest shareholder of Hyundai Merchant Marine with a 15.2 percent stake and the second largest shareholder in Hyundai Logistics with 18.7 percent stake.
		KCC's bid to take over Hyundai Group may run into trouble as the watchdog Financial Supervisory Service said the KCC founder could forfeit voting rights for as much as 20.69 percent of his stake in Hyundai Elevator because of alleged violations of the stock transaction laws.
	www.atimes.com /atimes/Korea/EK15Dg02.html (847 words)

	Hyundai in shake-up, selling assets as chairman quits - May 31, 2000
		The shake-up of Hyundai's businesses and upper ranks, which would see the group sell its Hyundai Elevator division, came after creditors slammed what they saw as the group's piecemeal efforts to address its liquidity crisis with a plan announced earlier this week to raise a smaller 543 billion won in asset sales.
		Hyundai's new recovery plan would involve the sale of 2.7 trillion won in securities, 700 billion won in real estate and 300 billion won "through other methods," the company said in a statement.
		Hyundai, which had previously announced plans to shed more than a dozen subsidiaries through spin-offs and sales, including a proposal to split off its auto-related units, also said it would trim its planned level of investment this year to 4.3 trillion won from 6.5 trillion won.
	money.cnn.com /2000/05/31/asia/hyundai (568 words)

	S. Korea: Hyundai Asan Chairman Commits Suicide (update)
		Chung Mong-hun, the Hyundai Asan chairman who was implicated in the secret transfer of money to North Korean before the June 2000 inter-Korean summit, killed himself early Monday morning by jumping out of his company office on the 12th floor of Hyundai group's head office building in Gye-dong, downtown Seoul, police and company officials said.
		Hyundai Merchant Marine, the core unit under Mong-hun's ownership, posted W142.2 billion in net profit last year, but observers said the net profit figures were misleading because the company sold off its automobile transportation division for W1.8 trillion at the end of last year.
		Hyundai watchers said that the firm's president, Kim Yoon-kyu, would be handling the day-to-day management of Hyundai Asan in the absence of Mong-hun, but eventually the Chung family members, including Mong-koo, whose Hyundai Motor group is doing good business, would take up a leading role in maintaining the on-going North Korea projects.
	www.freerepublic.com /focus/f-news/957745/posts (2572 words)

	It's Hyundai Electronics vs Hyundai Motors
		Subbu said when the Hyundai group fragmented in the year 2000, the group companies parted ways and are now completely independent entities.
		Pradeep Dhoot, director of the Videocon group, said he hasn't received the HMIL letter yet, but was vehement about their right to use the Sonata in its advertising campaign.
		Hyundai Electronics is making its domestic foray by tying up the Videocon, which will hold a 26 per cent stake in the domestic arm of the company.
	inhome.rediff.com /money/2004/sep/30hyundai.htm (313 words)

	Ketan Hyundai - About Us
		The Hyundai Group was established in 1947 with the founding of its flagship company the Hyundai Engineering and Construction Co. Ltd.
		Hyundai's first overseas manufacturing company was established in 1985, with incorporation of Hyundai Motor America.
		Hyundai's research and development staff is growing at a rapid rate and in fact, they have planned to invest $5.7 billion between now and end of the century on new model development programs and advanced technology.
	www.geocities.com /shaikjaffar/ketan_hyundai/home.htm (579 words)

	Hyundai crisis: its development and resolution (Site not responding. Last check: 2007-11-07)
		The author believes that the Hyundai Group’s fall in 2000-2001 and the Daewoo Group’s bankruptcy previously in mid-1999 are crucial in understanding the political and economic meaning of the 1997 financial crisis.
		The Hyundai Group basically acted as it had done during the development eras before 1997, presumably assuming that the social and political inertia built into the past government-business relationships were strong enough to resist the new market forces.
		The paper concludes by suggesting that the Hyundai crisis was ultimately a test on whether the old business-government relationship could survive the new market environment generated with the 1997 financial crisis.
	www.eldis.org /static/DOC11320.htm (363 words)

	Hyundai Groups Shifts Focus to Kia \| American International Automobile Dealers \| (Site not responding. Last check: 2007-11-07)
		South Korean carmaker Hyundai plans to strengthen its Kia unit after handing control of the division to a son of its group chairman.
		While investors have often shied away from Korean groups that appear to be putting the interests of their controlling families first, the choice of 36-year-old Chung Eui-sun as president of Kia Motors Corp. has been applauded despite his limited experience.
		Hyundai Motor owns 38.7 percent of Kia after rescuing it in 1998 in the aftermath of the Asian financial crisis, but investors have long regarded the smaller company as a poor relation.
	www.aiada.org /article.asp?id=35357&cat=Industry (769 words)

	The Rozaleenda Group, Inc. :: Global Provider of Web, Media, E-Business & Telecom Solutions (Site not responding. Last check: 2007-11-07)
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		Rozaleenda is very proud to announce that we have successfully achieved more than 100 prestigious awards from many well known organizations.
	nationmaster.w2n.net /encyclopedia/Hyundai-Motor-Group (257 words)

	Hyundai Motor America Selects The Richards Group As New Creative Advertising Agency (Site not responding. Last check: 2007-11-07)
		The Richards Group was selected after it and three other firms, including Publicis West, Publicis and Hal Riney, and Bates West, made a series of presentations to a five-member creative selection committee which included four HMA executives and dealer representative Tom O’Brien of Tom O’Brien Hyundai, Quincy, Massachusetts.
		Hyundai will begin working immediately with The Richards Group to develop strategy and creative for the launch of the 2003 model year vehicles in the fall of this year.
		Hyundai cars and sport utility vehicles are distributed in the United States by Hyundai Motor America and are sold and serviced through more than 575 dealerships nationwide.
	www.hyundainews.com /hyundainews/corporat34.htm (344 words)

	Top financial regulators urge chaebol to dismantle restructuring bodies
		Hyundai's restructuring committee announced Monday a decision by group founder and honorary Chairman Chung Ju-yung, to name his son Chung Mong-hun as the group's sole chairman, stripping his elder son, Chung Mong-koo, of the group's co-chairmanship.
		Touching on Hyundai's power struggle, FSC Chairman Lee pointed out that it was inappropriate for Hyundai's honorary chairman to appoint a new group head, FSC spokesman Kim Young-jae said.
		Hyundai's case has also caused foreign investors to become skeptical about the government's will to push ahead with financial and corporate restructuring, according to Lee.
	www2.law.columbia.edu /course_00S_L9436_001/2000/20000331_0557.htm (596 words)

	CNN.com - Samsung passes Hyundai as Korea's No. 1 - April 2, 2001
		Hyundai had topped the ranking as the largest chaebol, or conglomerate, every year since the commission first compiled it eight years ago.
		Hyundai Group ranks second, with assets of $39 billion, or 53.6 trillion won.
		Hyundai Electronics Industries -- which is changing its name to Hynix Semiconductors -- alone accounts for 8 percent of South Korea's exports, Shin said.
	edition.cnn.com /2001/BUSINESS/asia/04/01/korea.samsung (675 words)

	Digital Chosunilbo (English Edition) : Daily News in English About Korea
		Hyun is the largest shareholder of the group's flagship firm, Hyundai Elevator, with an 18.57 percent stake.
		Sang-yun¡¯s aspiration for the leadership for the group, however, did not appear to have been sated even after the threat of a hostile takeover disappeared.
		Hyundai executives close to Hyun said that, by urging Hyun to give up the inheritance, Sang-yun intended to take the 12 percent stake in the firm from Hyun and tighten his grip over the group.
	english.chosun.com /w21data/html/news/200311/200311100023.html (421 words)

	USATODAY.com - Hyundai pulls off a head-spinning U-turn (Site not responding. Last check: 2007-11-07)
		He admits he saw vast improvement in Hyundai's performance in a confidential midterm report he got from Power six months ago — about the time he took over as U.S. CEO — although he wouldn't say whether Hyundai was ahead of Toyota then.
		Hyundai is preparing to begin building its two top models — the Santa Fe sport-utility vehicle and Sonata sedan — in its first U.S. plant next year.
		Hyundai dealer Brad Benson says one of his barometers of success is the type of customers who come to his Monmouth Junction, N.J., dealership.
	www.usatoday.com /money/autos/2004-04-28-hyundai_x.htm (1559 words)

	CNN.com - Hyundai tour boss 'jumps to death' - Aug. 4, 2003
		A top executive at South Korea's Hyundai Group, who is being probed in connection with a scandal over secretive payments to North Korea, has been found dead after jumping to his death.
		Hyundai Asan is separate from Hyundai Motors, though they both used to be branches of the Hyundai Group.
		After Hyundai Group founder Chung Ju-yung died in 2001, the various branches of the company spun off and became separate entities.
	www.cnn.com /2003/WORLD/asiapcf/east/08/04/korea.north.hyundai (438 words)

	Hyundai Motor Group Shuffles 12 Management Posts
		Hyundai Motor's Vice President Chung Soon-won was promoted to president in charge of planning and general affairs of Hyundai Motor and Kia Motors Corp.
		The group also promoted Chung Oue-sun, the 33-year-old son of Chairman Chung Mong-koo, from executive director of Hyundai Motor to vice president.
		Hyundai Motor is South Korea's largest car-maker while its affiliate Kia Motors is the second largest.
	www.theautochannel.com /news/2003/01/03/152177.html (177 words)

	Hyundai Group Encyclopedia Article, Definition, History, Biography (Site not responding. Last check: 2007-11-07)
		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.
		After it's founder died in 2001, the component companies of Hyundai were split off into separate companies.
		Its most high-profile operation is Hyundai Asan, involved in numerous investment projects in North Korea.
	www.karr.net /search/encyclopedia/Hyundai_Group (321 words)

	KoreaTimes : Hyundai Group Resists Takeover Bid by KCC (Site not responding. Last check: 2007-11-07)
		Following the KCC announcement, group officials said they were shocked by the size of the stake purchased by KCC and were cautiously watching the situation.
		Furthermore, Hyundai Group criticized KCC for its plan to give up non-profitable North Korean businesses in the long term, claiming the plan violates the will of the late group founder Chung Ju-yung as well as that of former chairman Chung Mong-hun's.
		Hyundai officials said the group would do what it could to maintain control and promote the legitimacy of their company.
	times.hankooki.com /lpage/biz/200311/kt2003111417211411860.htm (192 words)

	CNN.com - Hyundai Group treats ailing units - April 16, 2001
		Hyundai Heavy Industries Co, Hyundai Merchant Marine, and Hyundai Corp pledged the guarantee to Hynix, formerly called Hyundai Electronics Industries, in a bid to save the unit from another liquidity crunch.
		Hyundai Heavy spokesman Lee Chang Ho emphasised that the agreement is not a loan guarantee, but "a warranty of purchase."
		Cruise operator, Hyundai Merchant Marine is set to cutback its tours to North Korea, and has asked its sister firm to take over due to a rapid decline in tourists, a newspaper report said.
	archives.cnn.com /2001/BUSINESS/asia/04/16/hyundai.disarray (608 words)

	Company News On Call
		Hyundai Electronics is recognized worldwide as a leading electronics company and DSP Group is a leader in DSP technology and telephony products.
		The Pine- and OakDSPCores are DSP Group's 16-bit general purpose low-power, low-voltage and high speed digital signal processing engines designed to be embedded within an ASIC for speech/audio processing, telecommunications, digital cellular and embedded control applications.
		DSP Group Inc. (Nasdaq: DSPG) is a leader in the development and marketing of high-performance cost-effective digital signal processing cores and solutions for the consumer telephony, computer telephony and personal computer industries.
	www.cyperus.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/27332 (454 words)

	Hyundai Group not to spin off auto affiliates
		Hyundai Group officials said the latest plan came after the Fair Trade Commission opposed the earlier proposal because Hyundai founder Chung Ju-yung retained holdings in the auto-related companies too large to allow the units to be considered separate from Hyundai Group.
		Hyundai Group officials said the founder's shareholdings in the 25 affiliates the group wanted to spin off was lower than 3 per cent each and therefore they expected no problem in obtaining the FTC's approval.
		Hyundai Motor shares ended down 1,050 won at 15,400, Kia Motors shares fell 50 won to 6,300, and Hyundai Precision and Industry fell 70 won to 5,130.
	www.expressindia.com /fe/daily/20000629/fco29041.html (501 words)

	Foreign bankers warn of fallout from Hyundai Group incident
		Hyundai is reportedly considering scaling down the powers of the much-criticized Corporate Restructuring Committee and Hyundai Group CEOs Council.
		Samsung, LG and SK groups are also moving to relegate some of their group-controlling powers to individual subsidiaries.
		Hyundai Group Chairman Chung visited the Federation of Korean Industries and expressed regret for causing concern among the local business community.
	www2.law.columbia.edu /course_00S_L9436_001/2000/20000330_0541.htm (337 words)

	English JoongAngIlbo (Site not responding. Last check: 2007-11-07)
		Chung Mong-hun, the chairman of Hyundai Group, speaking at a press conference on March 31 announced that, £¢Majority shareholders are not allowed to participate in management, unless appointed as representative directors,£¢.
		Hyundai will also require that half of its board members be outside directors for all affiliates.
		Hyundai also plans to introduce a dividend payment system for small shareholders, as well as enhance the development of its financial businesses.
	www2.law.columbia.edu /course_00S_L9436_001/2000/hyundaia.htm (275 words)

	:: XINHUANET ::
		54-year-old Chung Mong-hun, the fifth son of the late Hyundai founder Chung Ju-yung, was one of the whole show of the illegal money transfer.
		And earlier this year he admitted in court that his group had given the DPRK a total of 500 million dollars just before the summit.
		Hyundai Group's affiliate Hyundai Asan, South Korea's important automaker, is one of the South Korean operators of Seoul-Pyongyang joint projects, such as DPRK's Mount Geumgang Tour, construction of the DPRK' s Kaesong Industrial Complex.
	news.xinhuanet.com /english/2003-08/04/content_1008340.htm (446 words)

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