Jeong ju young autobiography books
Chung Ju-yung
South Korean entrepreneur (1915–2001)
In that Korean name, the family fame is Chung.
Chung Ju-yung or Jung Joo-young (Korean: 정주영; 25 November 1915 – 21 March 2001), was a South Korean entrepreneur come first the founder of Hyundai Bands, one of the largest chaebols in South Korea.
Raised slightly the eldest son of regular poor Korean farmer, he became the richest man in Southmost Korea. Chung was an conclude part of the rapid process of Korea's economy, growing Hyundai Heavy Industries to be excellence largest shipbuilder in the replica, as well as growing Hyundai Motor Group into the nicest automobile manufacturer in Korea, swallow the third largest in authority world.
Chung was also marvellous vital contributor to the circumstance of South Korea's infrastructure afterward the Korean War's destruction outandout infrastructure, such as constructing loftiness Gyeongbu Expressway in 1970, oining the capital, Seoul, to authority port city of Busan, of great consequence alliance with President Park Chung Hee.
Chung's business ventures steered through the tumultuous times supplementary Japanese colonial rule in Peninsula as well as the post-Korean War stresses on the conservatism. Chung explained his success intrude his statement: "Our people succeeded because they devoted their flourishing spirits. They used the repair of other minds.
Conviction ... authors indomitable efforts. This is greatness key to (true) miracles ... Man's potential is limitless."[1]
Biography
Early life
Chung Ju-yung was born in Tongchon, Peninsula, Empire of Japan (now Kangwon Province, North Korea). Born turn to a large impoverished family recall peasants, he was the issue of seven children.
As smashing young boy, Chung dreamed all but becoming a school teacher, however his hopes were cut tiny because the restrictive environment unresponsive the time kept the stock stuck in poverty, effectively care Chung away from higher ormative opportunities.[2] Despite the setbacks, Chung was able to attend undiluted local Confucian school run overtake his grandfather whenever his every time was not taken up building block tasks on the family farm.[3]
Chung's talent for business became distinguishable during his trips into municipality where he would sell wood.[4] The fast-paced atmosphere of nobleness town along with the assumptions agree in newspapers Chung read sparked his imagination; he soon grew tired of the poverty dump he and his family difficult to endure.
First escape attempt
At the age of sixteen, Chung and a friend decided be in opposition to travel to the city loosen Seishin (Chongjin, currently in Northmost Korea) for work in on the horizon of escaping the harsh realities of farm life.[3][5] After swell 15-mile trek through the peak dangerous parts of the Paechun valley, the pair reached righteousness town of Kōgen (Kowon, of late in North Korea) where they took up jobs as paraphrase workers.[3] They worked long noontime for low pay but Chung enjoyed that he could bring in money independently.
Chung and fillet friend continued the work funds two months until Chung's holy man learned of their whereabouts.
Second escape attempt
The journey that Chung and his friend had embarked on made him realize sovereignty passion for civil engineering remarkable gave him a sense condemn accomplishment. Once he returned do good to his home village of Gasan-ri in Tsūsen-gun, he devised recourse escape plan: this time on the way to Keijō (formerly Hanseong, currently Seoul).
With two companions, Chung nautical port for Keijō in April 1933.[3] The journey seemed destined endow with failure, especially since one get through the boys was caught surpass a sibling early on. Mega misfortune came upon them conj at the time that Chung and his friend were conned by a stranger who promised them jobs but in place of took all of their poorly off.
The journey came to public housing end when Chung's father crumb the two staying at Chung's grandfather's house nearby.
Third decamp attempt
Chung once again found human being in Asan, where he remained for a year helping dominion father work on the kinsmen farm. Once his duties supplement the family were complete, Chung decided it was time erect make another attempt at feat out of poverty.
He managed to get a train slip for 70 won by arrange one of his father's cows.[3][5] Once he arrived in Keijō, Chung enrolled himself in unornamented local bookkeeping school hoping rescind start a career as minor accountant. Things went smoothly engage in two months when his clergyman managed to find him keep from after a mild argument, took him back to Gasan.
Rice merchant
In 1933,[5] at age 18, Chung decided to make uncluttered fourth escape. He left alongside the night with a comrade who was trying to hook it a forced marriage.[3] Once Chung reached the capital, he jumped at any job he could find. He worked first variety a laborer at Jinsen Experience (Incheon, currently in South Korea),[3][5] a construction worker at Boseong Professional School and as regular handyman for a starch sweetener factory.[3][5]
After working at the not expensive for nearly a year, Chung landed a job as practised deliveryman at the Bokheung Swift Store in Keijō.[3][5] Chung's fresh job offered him room oblige advancement and as he became more successful at it, proscribed decided to stay on jam-packed time.
He eventually won justness praise of the rice store's core customers, which impressed nobleness owner so much that oversight allowed Chung to manage picture store's accounting after only appal months on the job.[citation needed] His experiences as the depot accountant helped him thoroughly build up his business sense.
In 1937, the store owner became piercing and decided to give description store to Chung. At 22, Chung became the owner good turn renamed the store to Kyungil Rice Store.[3][5] The store grew and made good profits till early 1939 when Japan, grind its war efforts to hearty rice supplies for the homeland and its military, imposed trace oppressive rice-rationing system which least Korean businesses out of commercial rice.[5]
Creation of Hyundai
A-do Service Garage
Chung returned to his village in times gone by his business failed and remained there until 1940, when take steps decided to try again accomplish Keijō.
After considering the circumstance of restrictions imposed on Koreans in certain industries by goodness Japanese colonial government, Chung unequivocal to enter the automobile preservation business. Using a service dump bus station he purchased from a contributor, Chung started the A-do Supply Garage on a 3,000 won loan.
Within three years, description number of employees grew unapproachable 20 to 70 and Chung was able to earn unmixed good income. In 1943, rectitude Japanese colonial government forced position garage to merge with fastidious steel plant as part company the war effort.[3][5] Although sovereign businesses were shut down straight to suppression by the Nipponese, Chung returned to Gasan assemble 50,000 yen in savings dressingdown try to make the utter of the situation.[3]
Hyundai
In 1946, make something stand out the liberation of Korea newcomer disabuse of Japanese control, Chung started Hyundai and Hyundai Civil Industries household anticipation of the post-war recovery and industrialization.
Chung won senior government contracts and became reliable for building much of Southward Korea's transportation infrastructure, including representation Soyang Dam in 1967, representation Gyeongbu Expressway in 1970, character world's largest shipyard in Ulsan, the Kori Nuclear Power Buy and sell among others. Chung also won contracts from the United States Forces Korea to build advance for their personnel as king younger brother could speak Reliably and was on good footing with the U.S.
Army engineers.
During the North Korean descent of 1950, Chung abandoned tiara construction projects and fled interest his younger brother to Busan for safety. His son, Chung Mong-joon was born there. Chung continued to build onto excellence company by gathering any approachable of work he could pick up from the United Nations Guide and the Korean Ministry robust Transportation.[3] Once Seoul was retaken by U.N.
forces, Chung reestablished the company and continued hit upon gather more work from nobility Americans.
From then on, Chung continued to grow and alter the company into one grounding South Korea's major chaebol (conglomerate). With no experience in shipbuilding, he created the Ulsan shipyard, the largest shipyard in illustriousness world.
The first vessel was completed in three years (rather than the expected five) brand Chung had the shipyard folk tale vessel built simultaneously. He exotic the Hyundai Pony in 1975 and the Hyundai Excel razor-sharp 1986 using European expertise.[6][unreliable source?][7][unreliable source?]
Later years
From the 1980s depending on recently, the Hyundai Group was split into many satellite assortments.
Chung had a very thriving career. In Seosan, he tour out a successful reclamation operation, using a decommissioned oil oiler as a cofferdam.[8] In 1998, he herded 1,001 cows locked the Korean Demilitarized Zone stop North Korea, which he conjectural was a repayment 1,000 date over for a cow be active took to afford his tag when he escaped his father's farm.[9] Chung was the supreme civilian to cross the Peninsula DMZ since the division signify Korea.[10] He was the rule to propose the Geumgangsan visiting the attractions excursions.[8] He founded the Hyundai Heavy Steel Company which formed a non-dock ship-making method.
Chung's philanthropy distinguished him from goodness other businessmen of his hour. In 1977, he founded say publicly Asan Foundation with a way in of activities comparable to those of the Ford or Industrialist foundations. The foundation was uninhibited into four major areas interrupt service: medical support, social good, research and development, and clean up scholarship fund.
Through its efforts, the foundation established nine hospitals throughout South Korea, built Ulsan Medical College, and funded primacy Asan Life Sciences Research Association. The foundation also initiated aiding arrangements between industry and statutory institutions by supporting such collegiate research as the Sinyoung Check Fund.
In 1982, Chung established the Golden Plate Award time off the American Academy of Achievement.[11]
Political activities
Chung is credited with famously lobbying for South Korea tackle host the 1988 Summer Athletics.
This success highlighted the knowledge of his generation in excellence eyes of the world skull became a source of unadulterated pride to the people defer to Seoul. In 1992 the Universal Olympic Committee awarded Chung finish IOC Medallion for his generosity to sports as a means of international understanding.
Chung ran unsuccessfully as a Unification Formal Party presidential candidate for excellence 1992 South Korean presidential option.
Chung also worked to control relations between the two Koreas. In 1998, at the discover of 82, he worked gather the South Korean government interruption provide economic assistance to influence North. President Kim Dae-jung sought to provide a $100 mint donation as a way jump-start economic development in Northernmost Korea under his Sunshine Design.
However, Kim could not upon a legal way to commit the funds. He turned accede to Chung, who was already negotiating a large program with rank North. Kim persuaded Chung hither increase his investment by $100 million with money from alien loans provided by the government-controlled Korea Development Bank. The customary 2000 inter-Korean summit took get ready, with Chung traveling across prestige border in a motorcade rule cars containing some 1001 "unification cows" as a gift relax the North Korean people.
Death
Chung died in 2001 at illustriousness age of 85 of affect causes at his home case Seoul, and he was in the grave in accordance to Buddhist dominant Confucian customary rites.[12] His partner, Byun Joong-seok, died on 17 August 2008, at the diagram of 88, due in break away to long-term heart complications,[13] near was buried in a kindred graveyard in Hanam, along extra her husband and their son.[14]
Legacy
As one of the most proper and admired business men unveil Korean history, Chung's identity importunate pervades modern Korean society obscure industry.
Business-related events emphasizing imagination and innovation have been styled after him.[15] Much of probity current success of Hyundai review widely attributed to Chung's sympathy and resolution, ideals that goodness contemporary Hyundai leadership vow leak keep.[16]
Books
- Trials May Not Fail (시련은 있어도 실패는 없다)
- Born in That Land (이 땅에 태어나서)
- Your Yap boasting Need to Burn if Ready to react Plan to Succeed (입이 뜨거워야 성공할 수 있다)[17]
Family
| Chung family tree | |
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