Halla Group

Halla Group is a South Korean chaebol. It was originally founded as Hyundai International Inc. in 1962.[1] The Halla name was first used in 1978 as the name of a cement company.[2]. The name Halla is taken from the name of Mount Halla aka Hallasan mountain, situated in Jeju Island. Halla collapsed in 1997 during the 1997 Asian Financial Crisis.[3] In 2008 Halla repurchased Mando, a car company they sold during the financial crisis.[2] The chaebol also sponsors Anyang Halla a team in Asia League Ice Hockey.

Halla Group engages in automobile, construction, distribution/port, investment, education, and sports businesses in Korea and internationally. Its construction business comprises the provision of civil, architectural, housing, plant, and environmental works; supply of construction materials, such as remicon, compounds, and pile concrete; and manufacture and distribution of remicon and aggregates[4].

References

  1. ^ "About Halla". Halla.com. http://halla.com/en/asp/company/overview/info.asp. Retrieved 22 September 2009. 
  2. ^ a b "History". Halla.com. http://halla.com/en/asp/company/history.asp. Retrieved 22 September 2009. 
  3. ^ Andrew Pollack (7 December 1997). "Another Giant South Korean Conglomerate Falls". New York Times. http://www.nytimes.com/1997/12/07/world/another-giant-south-korean-conglomerate-falls.html. Retrieved 22 September 2009. 
  4. ^ "Company Overview". Bloomberg Businessweek. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=822221. Retrieved Industrial Conglomerates. 

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