1.1 Company Background
The Hyundai Engineering and Construction Company was first founded by Chung Ju-Yung. And the establishment of Hyundai Motor Company took place a couple of decades later in 1964. In the early phase of the company’s development, it relied heavily on skilled labor forces and technologies in other advanced countries for automobile production. Hyundai Motor Company (hereina
of company
1. Hyundai Motor Company
Hyundai Motor Company is a Korean multinational automaker based in Seoul. It operates the world's largest integrated automobile facility in Ulsan which is capable of producing huge amounts of units annually. Hyundai vehicles are exported to about 200 countries globally. It comprises with KIA Automotive Group in 2009.
Representative Car: Sonata
of working circumstance for employees by giving them opportunities to share responsibility and make decisions.
2) Hyundai Motor's Plan
As written at this report before, the original organizational structure, functional structure has long response time to environmental change. The world economy changes drastically, therefore Hyundai motor decided to change the organizational structure.
- Children tuition support : it consists of all educational fees during middle, high school and college
- Hospital fee support: total amount of health insurance fee for employee and a half for immediate family
- Car discount: Hyundai Motors Car discount depending on the working periods
- Four seasons resort: usable domestic condo and hotel in free or a half price through partnership
- Resid
developed at the same time a new car. Ssangyong growing to be an amazing advancement from 15 to 1200 billion won during 50 years in 2003. But Ssangyong sold out by Shanghai motors. Since 2009, Ssangyong begin Turnaround process and have been many efforts to revive the company. This graph indicate Ssangyong’s Rise and Fall during 1980-2010
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