Chung Ju-yung

AAA

DEFINITION of 'Chung Ju-yung'

The founder and former president of Korean automaker Hyundai. Chung was born into poverty in North Korea in 1915. He began his career as a construction laborer and a clerk in a rice store before founding Hyundai Motor Industrial Company in 1946 and Hyundai Civil Industries (a heavy construction company) in 1947.

INVESTOPEDIA EXPLAINS 'Chung Ju-yung'

Chung resigned from Hyundai in 1987 and worked in politics for five years in an attempt to reunify North and South Korea and increase economic growth in both countries. After an unsuccessful presidential campaign, he decided to pursue tourism as a means to achieve the ends he had not achieved through politics. He also established the charitable Asan Foundation, which provides medical and welfare services and academic scholarships. Chung was profiled in Time magazine's 2006 feature, "60 Years of Asian Heroes." He died in 2001.

RELATED TERMS
  1. Fujio Cho

    The chairman and former president of Toyota Motor Corporation. ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  4. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  5. Corporate Action

    Any event that brings material change to a company and affects ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
Related Articles
  1. Top 10 Ways To Get Top Dollar For Your ...
    Personal Finance

    Top 10 Ways To Get Top Dollar For Your ...

  2. Beginner's Guide To Auto Insurance
    Options & Futures

    Beginner's Guide To Auto Insurance

  3. Top Tips For Cheaper, Better Car Insurance
    Options & Futures

    Top Tips For Cheaper, Better Car Insurance

  4. Analyzing Auto Stocks
    Options & Futures

    Analyzing Auto Stocks

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center