Halla Group
Encyclopedia
Halla Group is a South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

n chaebol
Chaebol
Chaebol refers to a South Korean form of business conglomerate. They are global multinationals owning numerous international enterprises. The term is often used in a context similar to that of the English word "conglomerate"...

. It was originally founded as Hyundai
Hyundai
Hyundai ) is a global conglomerate company, part of the Korean chaebol, that was founded in South Korea by one of the most famous businessmen in Korean history: Chung Ju-yung...

 International Inc. in 1962. The Halla name was first used in 1978 as the name of a cement company.. The name Halla is taken on the name of mount halla aka Hallasan
Hallasan
Hallasan is a shield volcano on Jeju Island of South Korea. Hallasan is the highest mountain of South Korea. The area around the mountain is a designated national park, the Hallasan National Park...

 mountain situated in 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 Anyang Halla
Anyang Halla
The Anyang Halla are a professional ice hockey team based in Anyang City in Gyeonggi-do, South Korea. They are one of the founding and current members of the Asia League Ice Hockey . Formed in 1994, they are the oldest professional ice hockey team, and one of only two professional teams, in South...

 a team in Asia League Ice Hockey
Asia League Ice Hockey
Asia League Ice Hockey is an association which operates a professional ice hockey league based in East Asia, with seven teams from Japan, China, and South Korea. The league is headquartered in Japan...

.

Halla Group engages in automobile
Automobile
An automobile, autocar, motor car or car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor...

, 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.
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