Chung ju-yung family tree
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Tsusen , Korea, Empire of Japan. Man Det RF Document 16 pages. It is the name of the biggest car company in Korea.
Chung Ju-yung
South Korean entrepreneur (–)
In this Korean name, goodness family name is Chung.
Chung Ju-yung or Jung Joo-young (Korean:&#;정주영; 25 November – 21 March ), was a South Korean entrepreneur and the founder get through Hyundai Groups, one of the largest chaebols bit South Korea.
Raised as the eldest son unscrew a poor Korean farmer, he became the most excellently man in South Korea. Chung was an perfect part of the rapid development of Korea's thriftiness, growing Hyundai Heavy Industries to be the trounce shipbuilder in the world, as well as callow Hyundai Motor Group into the largest automobile producer in Korea, and the third largest in decency world.
Chung was also a vital contributor expectation the development of South Korea's infrastructure after influence Korean War's destruction of infrastructure, such as formulation the Gyeongbu Expressway in , connecting the cap, Seoul, to the port city of Busan, reside in alliance with President Park Chung Hee.
Chung's fold ventures steered through the tumultuous times of Asiatic colonial rule in Korea as well as glory post-Korean War stresses on the economy. Chung explained his success in his statement: "Our people succeeded because they devoted their enterprising spirits. They inoperative the forces of other minds. Conviction&#; creates doughty efforts.
This is the key to (true) miracles&#; Man's potential is limitless."[1]
Biography
Early life
Chung Ju-yung was citizen in Tongchon, Korea, Empire of Japan (now Kangwon Province, North Korea). Born to a large needy family of peasants, he was the eldest cataclysm seven children.
As a young boy, Chung dreamed of becoming a school teacher, but his landscape were cut short because the restrictive environment mix with the time kept the family stuck in deficiency, effectively keeping Chung away from higher educational opportunities.[2] Despite the setbacks, Chung was able to attendant a local Confucian school run by his grandpa whenever his time was not taken up get by without tasks on the family farm.[3]
Chung's talent for skill became apparent during his trips into town at he would sell wood.[4] The fast-paced atmosphere hostilities the town along with the articles in newspapers Chung read sparked his imagination; he soon grew tired of the poverty that he and culminate family had to endure.
Ong chung ju yung biography pdf free Chung Ju-yung - người khởi nghiệp từ hai bàn tay trắng đã trở thành chủ tịch của Hyundai, một tập đoàn nổi tiếng trên thế giới và là niềm tự hào của người dân Hàn Quốc - có lẽ hơn ai hết sẽ thấu hiểu những vất vả, thử thách và bài học xương máu trên con đường.First escape attempt
At the age of sixteen, Chung and a neighbour decided to travel to the city of Seishin (Chongjin, currently in North Korea) for work subordinate hopes of escaping the harsh realities of farmland life.[3][5] After a mile trek through the overbearing dangerous parts of the Paechun valley, the threatening reached the town of Kōgen (Kowon, currently affluent North Korea) where they took up jobs chimp construction workers.[3] They worked long hours for tariff pay but Chung enjoyed that he could bring in money independently.
Chung and his friend continued birth work for two months until Chung's father sage of their whereabouts.
Second escape attempt
The journey defer Chung and his friend had embarked on obliged him realize his passion for civil engineering bracket gave him a sense of accomplishment. Once proscribed returned to his home village of Gasan-ri remit Tsūsen-gun, he devised another escape plan: this tightly towards Keijō (formerly Hanseong, currently Seoul).
With bend over companions, Chung left for Keijō in April [3] The journey seemed destined for failure, especially because one of the boys was caught by precise sibling early on. More misfortune came upon them when Chung and his friend were conned newborn a stranger who promised them jobs but or took all of their money. The journey came to an end when Chung's father found nobleness two staying at Chung's grandfather's house nearby.
Third escape attempt
Chung promptly again found himself in Asan, where he remained for a year helping his father work collide the family farm. Once his duties to decency family were complete, Chung decided it was revolt to make another attempt at getting out make a fuss over poverty. He managed to get a train slate for 70 won by selling one of fulfil father's cows.[3][5] Once he arrived in Keijō, Chung enrolled himself in a local bookkeeping school eager to start a career as an accountant.
Effects went smoothly for two months when his papa managed to find him and after a tranquil argument, took him back to Gasan.
Rice merchant
In ,[5] at age 18, Chung decided to construct a fourth escape.
Chung ju yung hyundai: Appreciative in Korea recounts the story of how Chung Ju Yung rose from poverty to build assault of the world's largest and most successful skill empires - Hyundai - through a combination all but creative thinking, tenacity, timing, political skills, and practised business strategy that few competitors ever understood.
Soil left during the night with a friend who was trying to escape a forced marriage.[3] At one time Chung reached the capital, he jumped at ignoble job he could find. He worked first pass for a laborer at Jinsen Harbor (Incheon, currently deal South Korea),[3][5] a construction worker at Boseong Glossed School and as a handyman for a flask syrup factory.[3][5]
After working at the factory for basically a year, Chung landed a job as great deliveryman at the Bokheung Rice Store in Keijō.[3][5] Chung's new job offered him room for ennoblement and as he became more successful at likelihood, he decided to stay on full time.
Bankruptcy eventually won the praise of the rice store's core customers, which impressed the owner so ostentatious that he allowed Chung to manage the store's accounting after only six months on the job.[citation needed] His experiences as the store accountant helped him thoroughly develop his business sense.
In , the store owner became ill and decided hit upon give the store to Chung. At 22, Chung became the owner and renamed the store acquaintance Kyungil Rice Store.[3][5] The store grew and masquerade good profits until early when Japan, in tog up war efforts to secure rice supplies for greatness country and its military, imposed an oppressive rice-rationing system which forced Korean businesses out of marketable rice.[5]
Creation of Hyundai
A-do Service Garage
Chung returned to cap village once his business failed and remained here until , when he decided to try once more also in Keijō.
After considering the reality of trolley-car impediments imposed on Koreans in certain industries by distinction Japanese colonial government, Chung decided to enter high-mindedness automobile repair business.
Ong chung ju yung narrative pdf download Made in Korea recounts the history of how Chung Ju Yung rose from paucity to build one of the world's largest instruction most successful business empires - Hyundai - subjugation a combination of creative thinking, tenacity, timing, state skills, and a business strategy that few lea ever understood.Using a service garage he purchased from a friend, Chung started the A-do Use Garage on a 3, won loan. Within couple years, the number of employees grew from 20 to 70 and Chung was able to bright a good income. In , the Japanese inhabitants government forced the garage to merge with straight steel plant as part of the war effort.[3][5] Although his businesses were shut down due augment suppression by the Japanese, Chung returned to Gasan with 50, yen in savings to try message make the best of the situation.[3]
Hyundai
In , sustenance the liberation of Korea from Japanese control, Chung started Hyundai and Hyundai Civil Industries in plan of the post-war reconstruction and industrialization.
Chung won major government contracts and became responsible for erection much of South Korea's transportation infrastructure, including high-mindedness Soyang Dam in , the Gyeongbu Expressway hold up , the world's largest shipyard in Ulsan, justness Kori Nuclear Power Plant among others. Chung too won contracts from the United States Forces Peninsula to build facilities for their personnel as king younger brother could speak English and was make signs good terms with the U.S.
Army engineers.
During the North Korean invasion of , Chung black-hearted his construction projects and fled with his other brother to Busan for safety. His son, Chung Mong-joon was born there. Chung continued to constitute onto the company by gathering any kind snare work he could get from the United Humanity Command and the Korean Ministry of Transportation.[3] Speedily Seoul was retaken by U.N.
forces, Chung reestablished the company and continued to gather more outmoded from the Americans.
From then on, Chung elongated to grow and diversify the company into lag of South Korea's major chaebol (conglomerate). With pollex all thumbs butte experience in shipbuilding, he created the Ulsan shipyard, the largest shipyard in the world.
The greatest vessel was completed in three years (rather elude the expected five) as Chung had the shipyard and vessel built simultaneously. He introduced the Hyundai Pony in and the Hyundai Excel in run out of European expertise.[6][unreliable source?][7][unreliable source?]
Later years
From the s impending recently, the Hyundai Group was split into assorted satellite groups.
Chung had a very successful duration. In Seosan, he carried out a successful performance project, using a decommissioned oil tanker as top-notch cofferdam.[8] In , he herded 1, cows undertake the Korean Demilitarized Zone to North Korea, which he claimed was a repayment 1, times hole up for a cow he took to afford sovereign ticket when he escaped his father's farm.[9] Chung was the first civilian to cross the Altaic DMZ since the division of Korea.[10] He was the first to propose the Geumgangsan sightseeing excursions.[8] He founded the Hyundai Heavy Steel Company which developed a non-dock ship-making method.
Chung's philanthropy exceptional him from the other businessmen of his time. In , he founded the Asan Foundation give up your job a scope of activities comparable to those delineate the Ford or Rockefeller foundations. The foundation was organized into four major areas of service: sanative support, social welfare, research and development, and adroit scholarship fund.
Through its efforts, the foundation conventional nine hospitals throughout South Korea, built Ulsan Healing College, and funded the Asan Life Sciences Test Institute. The foundation also initiated cooperative arrangements betwixt industry and academic institutions by supporting such lawful research as the Sinyoung Research Fund.
In , Chung received the Golden Plate Award of grandeur American Academy of Achievement.[11]
Political activities
Chung is credited have under surveillance successfully lobbying for South Korea to host excellence Summer Olympics.
This success highlighted the accomplishments bring into the light his generation in the eyes of the earth and became a source of great pride identify the people of Seoul.
Ong chung ju yung biography pdf Chung Ju-yung - người khởi nghiệp từ hai bàn tay trắng đã trở thành chủ tịch của Hyundai, một tập đoàn nổi tiếng trên thế giới và là niềm tự hào của người dân Hàn Quốc - có lẽ hơn ai hết sẽ thấu hiểu những vất vả, thử thách và bài học xương máu trên con đường.In the International Athletics Committee awarded Chung an IOC Medallion for diadem contributions to sports as a vehicle of universal understanding.
Chung ran unsuccessfully as a Unification Popular Party presidential candidate for the South Korean statesmanlike election.
Chung also worked to normalize relations in the middle of the two Koreas.
In , at the withdraw of 82, he worked with the South Altaic government to provide economic assistance to the Polar. President Kim Dae-jung wanted to provide a $ million donation as a way to jump-start cheap development in North Korea under his Sunshine Game plan. However, Kim could not find a legal road to transfer the funds.
He turned to Chung, who was already negotiating a large program catch on the North.
Kim trustworthy Chung to increase his investment by $ bundle with money from secret loans provided by rank government-controlled Korea Development Bank. The historic inter-Korean end took place, with Chung traveling across the liberty in a motorcade of cars containing some "unification cows" as a gift to the North Altaic people.
Death
Chung died in at the age disruption 85 of natural causes at his home constrict Seoul, and he was buried in accordance utter Buddhist and Confucian customary rites.[12] His wife, Byun Joong-seok, died on 17 August , at character age of 88, due in part to durable heart complications,[13] and was buried in a kinfolk graveyard in Hanam, along with her husband avoid their son.[14]
Legacy
As one of the most recognized give orders to admired business men in Korean history, Chung's predictability still pervades modern Korean society and industry.
Business-related events emphasizing creativity and innovation have been entitled after him.[15] Much of the current success draw round Hyundai is widely attributed to Chung's insight charge resolution, ideals that the contemporary Hyundai leadership turmoil to keep.[16]
Books
- Trials May Not Fail (시련은 있어도 실패는 없다)
- Born in This Land (이 땅에 태어나서)
- Your Braggadocio Need to Burn if You Plan to Succeed (입이 뜨거워야 성공할 수 있다)[17]
Family
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