Halla Group Explained

Halla Group INC.
Founder:Chung In-yung
Location City:Songpa-gu Seoul
Location Country:South Korea
Area Served:Worldwide
Key People:Chung Mong-won
(Chairman)

Halla Group is a South Korean chaebol that 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.[1]

History

Halla Group was founded as Hyundai International, Inc. in 1962.[2] The Halla name was first used in 1978 as the name of a cement company.[3] The name Halla is taken from Mount Halla, a mountain on Jeju Island.

Halla collapsed in 1997 during the 1997 Asian Financial Crisis.[4]

In 2008 Halla repurchased Mando, a car company they sold during the financial crisis. The chaebol also sponsors multiple hockey teams, mainly Anyang Halla in the Asia League Ice Hockey and Kiekko-Vantaa in the Finnish Mestis.

External links

Notes and References

  1. Web site: Company Overview. https://web.archive.org/web/20121012082458/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=822221. dead. October 12, 2012. Bloomberg Businessweek.
  2. Web site: About Halla . 22 September 2009 . Halla.com . dead . https://web.archive.org/web/20090907102533/http://www.halla.com/en/asp/company/overview/info.asp . 7 September 2009 .
  3. Web site: History. 22 September 2009. Halla.com. dead. https://web.archive.org/web/20090907120351/http://www.halla.com/en/asp/company/history.asp. 7 September 2009.
  4. Web site: Another Giant South Korean Conglomerate Falls. New York Times. 22 September 2009. 7 December 1997. Andrew Pollack.