Korean Entrepreneurs, Biography, Chung Ju-yung, Hyundai, Born in 1915

Chung Ju-yung (born 1915) was a South Korean entrepreneur and founder of the Hyundai Group, one of the largest chaebols in South Korea.

He was born in a poor rural farming family in 1915, and his father was a small-scale farmer.

Ju-yung quit school at a young age to help his father with the family business.

He eventually moved to Seoul in 1947 and opened a small construction company in the city, which was the beginning of the Hyundai Group.

In the 1950s, he expanded the company to include manufacturing, shipping, and trade.

By the 1960s, the Hyundai Group had become one of the largest chaebols in South Korea.

Ju-yung was a strong advocate for South Korean national development, and he was awarded the Order of Civil Merit in 1978 for his contributions to the country.

Thank you for Reading. Learn Fast With Kimavi