Chung Ju-yung

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Chung Ju-yung in October 1998
Chung Ju-yung in October 1998

Korean spelling
Hangeul 정주영
Hanja 鄭周永
Revised
Romanization
Jeong Ju-yeong
McCune-
Reischauer
Chŏng Chu-yŏng

Chung Ju-yung (born November 25, 1915 in Tongchon -gun, Kangwŏn-do , Chōsen ; † March 21, 2001 in Seoul , South Korea ) was the founder of the Hyundai Group, once South Korea's largest multinational conglomerate ( Jaebeol ).

Life

Chung was born in Kangwŏn-do Province in what is now North Korea and worked to improve the relationship between North and South Korea until his death in order to achieve Korean reunification .

He founded Hyundai and brought modern shipbuilding to South Korea. First, he convinced Greek ship owners to commission new ships from him. With these orders, he convinced London bankers to give him capital for the construction of shipyards . Today Hyundai is the largest shipbuilder in the world.

His younger brother, Chung In-yeong , was also an entrepreneur and founder of the Halla Group .

After his death, a number of parts of the Hyundai Group were split into independent companies, including the Hyundai Motor Group , Hyundai Heavy Industries and Hyundai Engineering and Construction.

Individual evidence

  1. Sakong Il, Youngsun Koh: The Korean Economy . Six Decades of Growth and Development. 2010, p. 108-109 ( online ). online ( Memento of the original from July 5, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / cid.kdi.re.kr