Mong koo chung biography channel
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Chung Mong-Koo
Honorary Chairman, Hyundai Motor Group
Birth DetailsMarch 19, 1938 | Tongchŏn, North Korea
NationalitySouth Korean
LeagueBusiness Leader
Education
Net Worth
- Hyundai Motor
- Hyundai Mobis
- Hyundai Steel
- Hyundai Glovis
Chung Mong-Koo's Journey so far ...
- The Hyundai group was founded bygd Chung Mong-Koo’s father Chung Ju-Yung
- Initially started as a bilparkering to repair cars imported from countries like the United States and Japan, Hyundai Motor Company was created in 1967
- Chung Mong-Koo entered the company in 1970
- He was named chairman of Hyundai group in 1996 and continued in the position till 2003
- Starting off as a manager in Hyundai Motor’s Seoul office, Chung took over the company’s reins from his father in 1998
- In 1998, Chung anchored Hyundai’s acquisition of Kia Motors
- Focussing on quality and nyhet, he introduced programmes such as 10-year engine warranty and 100,000-mile warrant
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Chung Mong-joon
South Korean businessman and politician (born 1951)
In this Korean name, the family name is Chung.
Chung Mong-joon or Chung Mong Joon (Korean: 정몽준, born November 15, 1951) is a South Korean businessman and politician. He is the sixth son of Chung Ju-yung, founder of Hyundai, the second-largest South Korean chaebol before its breakup in 2003. He remains the controlling shareholder of a Hyundai offshoot, Hyundai Heavy Industries Group, parent of the world's largest shipbuilding company. He is also the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea.[1] He is the founder and the honorary chairman of The Asan Institute for Policy Studies.[2] He was vicepresident of FIFA and president of the South Korean football association.[3]
He is among the richest people in South Korea. In December 2024, Forbes estimated his net worth at US$1.3 billion and ranked him 29th richest in the country.[
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Much of the country's post-war landscape, its bridges and roads, factories and cars, was shaped by Hyundai, and the efforts of self-confessed workaholic Chung.It's a rags to riches story: Chung was born 85 years ago to a poor farming family in what is now North Korea.
He began his career at the age of 19 as a rice-store deliveryman in the western port city of Inchon. By 24 he was running his own car repair business.
Unstoppable
His big break came after the Korean War, when he gained a lucrative construction project to build lodgings for American GIs.
From then on, the company's growth seemed unstoppable.With the nod from South Korea's military government, desperate to drag the country into the industrial age, he transformed its shipbuilding industry into the biggest in the world,
He then diversified into the car and electronics industries, and in the 1980s jumped into semi-conductors.
Hyundai is now the world's biggest memory chip p