Chung Mong-Yoon Net Worth is$Million
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Birth Name: Chung Ju-yung
Birth Date: 1915/11/25
Birth Place: Tongchon, Korea under Japanese rule,
Death Date: 2001/03/21/1915/11/25
Death Place: Songpa-gu, Seoul, South Korea
Nationality: South Korean
Known For: Founder and honorary chairman of Hyundai.
Occupation: Businessman
Chung Ju-yung (hangul:i ?i? 1/4 i??, hanja:e?-a??ae?,, November 25, 1915 - March 21, 2001) was a South Korean famous entrepreneur, businessman and the founder of all Hyundai Groups of South Koreas.
Chung Ju-yung was born in KangwA?n province (now located in North Korea), during a time when Korea was under Japanese rule. Born to a large impoverished family of peasants, he was the eldest out of six children. As a young boy, Chung dreamed of becoming a school teacher but his hopes were cut short because the restrictive environment at the time kept the family stuck in poverty, effectively keeping Chung away from the opportunities of higher education. Despite the setbacks, Chung continued to go to a local Confucian school run by his grandfather whenever his time was not taken up by tasks on the family farm.
Chunga??s talent for business became apparent during his trips into town where he would sell wood. The fast paced atmosphere of the town along with the articles in newspapers he read sparked his imagination and he soon grew tired of the poverty that he and his family had to endure. At the age of sixteen, Chung and a friend decided to travel to the city of Chongjin for work in hopes of escaping the harsh realities of farm life. After a 15-mile trek through the most dangerous parts of the Paechun valley, the pair reached the town of Kowon where they took up jobs as construction workers. They worked long hours for low pay but Chung enjoyed the fact that he could independently earn money. Chung & his friend continued the work for two months until Chung's father found their whereabouts.
The journey that Chung and his friend had embarked on made him realize his passion for civil engineering and gave him a sense of accomplishment that he had been looking for. Once he returned to Asan, he devised another escape plan; this time towards Seoul. With two companions, Chung left for Seoul in April 1933. The journey seemed to be destined for failure, especially since one of

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Chung Mong-Yoon Latest News

S&P Assigns ‘BBB’ Rating to Korea’s Hyundai

Standard & Poor’s Ratings Services has assigned its ‘BBB’ counterparty credit and insurer financial strength ratings to Korea’s Hyundai Marine & Fire Insurance ... “Its major shareholder is Mr. Mong Yoon Chung with 21.67 percent ownership.”
Posted: January 27, 2005, 4:00 pm

As Korean Heirs Feud, an Empire Is Withering; Change and Frail Finances Doom the Old Hyundai

Everything is done by my father,'' said another, Chung Mong Yoon. For the last decade of his life, the abiding passion of Chung Ju Yung -- founder and, until his death on March 21 at 85, honorary chairman of Hyundai, the archetypal Korean conglomerate ...
Posted: April 25, 2001, 6:00 pm

A look at 5 richest conglomerate families in South Korea

Hyundai Marine & Fire Insurance Chairman Chung Mong-yoon and Hyundai Department Store Chairman Chung Ji-seon. Hyundai Group Chairwoman Hyun Jeong-eun is also included in Korea's top 100 wealthiest list, with 240 billion won. Hyun is the wife of the late ...
Posted: December 22, 2016, 4:00 pm
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