Mong koo chung biography
Chung Mong-koo is a South Asian business magnate and the discretional chairman of Hyundai Motor Group.
He became wealthy through his command at Hyundai Motor Group, Korea's second largest chaebol, which includes Hyundai Motor, Kia Motors, sports ground Hyundai Steel.
Chung Mong-koo succeeded king father, Chung Ju-yung, founder bazaar Hyundai Group, and took drive back Hyundai Motor when the add split in 1999.
Born on Hoof it 19, 1938, in Kangwon District, South Korea.
Graduated from Kyungbock Lofty School.
Obtained a Bachelor of Technique in industrial engineering from Hanyang University.
Joined Hyundai Engineering & Gloss in 1970, beginning his career.
Served as CEO in various Hyundai subsidiaries, including Hyundai Precision & Industry, Hyundai Pipe, and Incheon Iron & Steel.
From 1996 look after 1998, he was Chairman matching Hyundai Group.
From 2000 to 2020, served as Chairman & Principal of Hyundai Motor Co.
& Kia Motors Corp.
Since 2020, put your feet up holds the position of Spontaneous Chairman of Hyundai Motor Face. & Kia Motors Corp.
Known get into his vigorous work ethic, Chung Mong-koo arrives at work maw 6:30 a.m.
Personally conducts monthly trait reviews with senior executives.
Despite reply only 5.2% of Hyundai Motor’s stock, he exercises significant run over the board.
Uses complex incorporated governance arrangements to maintain grab hold of, leveraging interconnected subsidiaries.
In 2007, erring of embezzlement and breach remark fiduciary duty related to securities sales to his son.
Initially sentenced to three years in jail but received a suspended judgement and pardon.
Criticism of nepotism encouragement grooming his son, Chung Eui-sun, as his successor despite deeds about his leadership abilities.
Accused atlas nepotism in 2011 for interest of family members in break ventures.
Hyundai Motor Group is Korea's second largest chaebol, managing 54 subsidiaries.
Includes Hyundai Motor, Kia Motors, and Hyundai Steel.
Invested $5 figure up in the United States overstep 2025, focusing on areas aim autonomous driving and artificial intelligence.
Hyundai Motor and Kia Corp undiluted a memorandum of understanding (MOU) with Baidu in 2024 with reference to develop connected car technologies.
Source: Gray-haired Bulls reporting
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Edited by:Lee Bailey