HL Group

HL Group INC.
Company typePublic
FoundedSeptember 1, 1962 (1962-09-01)
FounderChung In-yung
Headquarters
Songpa-gu Seoul
,
South Korea
Area served
Worldwide
Key people
Chung 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.[1]

History

Halla Group logo

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.[3] 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. ^ a b "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.


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