Chung Ju Yung

Chung Ju Yung (1915-2001) anchored Koreas Hyundai Group, which remained his countrys most powerful chaebol, or family-run conglomerate, for years. Chungs assemblage of incorporate entities, which he was said to run by relying heavily upon his noted iron will, included the automaker Hyundai as well as large construction, shipbuilding, and electronics concerns. In his later years, Chung entertained political ambitions and ran for hot seat of South Korea. Stole Family Cow Chung Ju Yung was born on November 25, 1915, in Tongchon, set in the northern section of Korea, then annexed to japan. At the cartridge holder of Chungs birth, Korea had been under harsh Japanese colonial rule for volt years; the northern regions would eventually fall under communist domination as North Korea in 1948. Chung was the oldest in a family of eight that eked out a living on the land, and he was forced to abandon his education subsequently grade enlighten in order to work to help support his family. He attempted to run away on two occasions, and after stints on a railway construction site and as a dock worker, he secretly sold the family cow and fled from home with the money. After walking to Seoul, one of Koreas larger cities, Chung found a job working at a sieve shop as a bicycle delivery person.

He eventually bought the business, on credit, but harsh Japanese host rule made owning businesses difficult for Koreans. A small motortruck and repair garage he established in 1940 languished under the same harsh economic restrictions. By the end of mankind War II and the ouster of the Japanese, Chung had begun a family with his wife, Byun Joong Suk, whom he had hook up with at the age of 15 in 1930. Several of his brothers had by now also followed him from Tongchon to Seoul. At the wars close Japan had been vanquished by Allied forces, and Korea prepared for political and economic independence. With a major reconstruction effort underway, Chung moved from automobile-servicing to the construction pains and won... If you want to get a full essay, order it on our website: Ordercustompaper.com

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