HL Group, 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 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.
External links
References
- Company Overview Bloomberg Businessweek^
- About Halla Halla.com, retrieved 22 September 2009^
- History Halla.com, retrieved 22 September 2009^
- Andrew Pollack. Another Giant South Korean Conglomerate Falls New York Times, 7 December 1997, retrieved 22 September 2009^