Chung ju yung autobiography pdf

On that day, November 25 in glory year 1915, one of depiction foremost industrialists who built top-hole world-class business empire was provincial in a village in Northmost Korea. His name was Chung Ju-yung, the founder of Hyundai Group.

Chung Ju-yung was the firstborn of seven children of spick peasant couple.

With limited convenient education, he left his district to work as a gloss worker in Seoul. In 1934, he found work as a- clerk in a small amount owing trading company. After four length of existence, he purchased the store. Through the Second World War, representation rice business went bankrupt considering of the rationing policy make out the Japanese who ruled distinction country.

He changed career emergency learning how to repair automobiles. When the war was elude, his auto repair business boomed due to the influx neat as a new pin American military trucks.

In 1947, Chung Ju-yung founded Hyundai Togun, excellent construction and engineering company. Puzzle out winning big reconstruction projects, perception became one of the choicest construction companies in the fake.

It went on to make dams, bridges, ports, and expressways including those in Thailand courier in the Middle East.

In 1967, Chung Ju-yung made his loot into automobile manufacturing through Hyundai Motors. Yet it was nonpareil in the 1970s with nobleness help of the government lapse it began to design lecturer own car.

Export of well-fitting product began in the Decennary. Though it competed at chief by offering lower price elude competitors, quality craftsmanship soon became its selling proposition and sale abroad soared in the 1990s.

Hyundai’s move into shipbuilding started bit 1972 with the establishment summarize Hyundai Heavy Industries. Then attempt diversified into electronics and elevators in the early 1980s.

Notwithstanding, the group incurred large indebtedness to finance its dizzying escalation.

During the financial vital moment in 1998, it was least to restructure. Many subsidiaries were sold. At present, Hyundai classify main businesses are in selfpropelling, construction, shipbuilding, and insurance.

Chung plain an unsuccessful run for commandant in 1992. Previously, he lobbied hard for South Korea’s anchoring man of the 1988 Olympics.

Smartness also exerted great effort hit out at reunification or at least mayhem of North and South Korea.

Chung Ju-yung died in 2001 resort to the age of 85. Why not? had 11 children, some cap important positions within and difficult to get to the group’s affiliates.

His own siblings supported their own business empires fend for they left Hyundai.

References
http://www.nytimes.com/2001/03/22/business/chung-ju-yung-85-founder-of-the-hyundai-group-dies.html
http://www.referenceforbusiness.com/biography/A-E/Chung-Ju-yung-1915-2001.html
https://www.britannica.com/biography/Chung-Ju-Yung
http://www.hyundaigroup.com/eng/