HL Group

HL Group INC.
TypePublic
FoundedSeptember 1, 1962; 64 years ago (1962-09-01)
FounderChung In-yung
Headquarters
Songpa-gu Seoul
,
South Korea
Area served
Worldwide
Key peopleChung Mong-won
(Chairman)
SubsidiariesHL Mando
Websitewww.hlcompany.com/en/index.jsp

HL Group (Korean: HL그룹), formerly 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.

History

Halla Group logo

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

Halla collapsed in 1997 during the 1997 Asian financial crisis.

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.

References

  1. ↑ "Company Overview". Bloomberg Businessweek. Archived from the original on October 12, 2012.
  2. ↑ "About Halla". Halla.com. Archived from the original on 7 September 2009. Retrieved 22 September 2009.
  3. 1 2 "History". Halla.com. Archived from the original on 7 September 2009. Retrieved 22 September 2009.
  4. ↑ Andrew Pollack (7 December 1997). "Another Giant South Korean Conglomerate Falls". New York Times. Retrieved 22 September 2009.