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. Corporate Action

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

    The system of rules, practices and processes by which a company ...
  6. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
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. The True Cost Of Owning A Car
    Insurance

    The True Cost Of Owning A Car

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center