Mong koo chung biography channel
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Chung Mong-Koo
Honorary Chairman, Hyundai Motor Group
Birth DetailsMarch 19, 1938 | Tongchŏn, North Korea
NationalitySouth Korean
LeagueBusiness Leader
Education
Net Worth
- Hyundai Motor
- Hyundai Mobis
- Hyundai Steel
- Hyundai Glovis
Chung Mong-Koo's Journey so far ...
- The Hyundai group was founded by Chung Mong-Koo’s father Chung Ju-Yung
- Initially started as a garage to repair cars imported from countries like the United States and Japan, Hyundai Motor Company was created in 1967
- Chung Mong-Koo entered the company in 1970
- He was named chairman of Hyundai group in 1996 and continued in the position till 2003
- Starting off as a manager in Hyundai Motor’s Seoul office, Chung took over the company’s reins from his father in 1998
- In 1998, Chung anchored Hyundai’s acquisition of Kia Motors
- Focussing on quality and innovation, he introduced programmes such as 10-year engine warranty and 100,000-mile warranty
- The move laid the groundwork for Hyundai’s expansion in the global market
- Chung became the chairman of Hyundai-Kia Automotive Group in 2000
- In 2005, Hyundai got its first manufacturing plant in the US
- Chung Mong-Koo stepped down as chairman of Hyundai Motor in March 2020
- In his tenure,
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Euisun Chung Inaugurated as Chairman of Hyundai Motor Group, Opening a New Chapter in History
SEOUL, October 14, 2020 – Hyundai Motor Group (the Group) announced today that Euisun Chung, Executive Vice Chairman, was inaugurated to the position of Chairman of the Group. Chairman Mong-Koo Chung was inaugurated to the position of Honorary Chairman.
Hyundai Motor Company, Kia Motors Corporation and Hyundai Mobis Co. each held extraordinary board meetings today to discuss the inauguration. All members of the boards unanimously endorsed the inauguration of Euisun Chung as the new Chairman of the Group.
Hyundai Motor Group will open a new chapter in its history under Euisun Chung’s leadership. Embracing the vision ‘Together for a Better Future,’ the Group will develop and acquire key technologies and capabilities to overcome market uncertainties, including COVID-19.
In his inauguration remarks, Euisun Chung presented the future direction of the Group as one focused on 'customers,' 'humanity,' 'future,' and 'social contribution.'
"All of our goals and efforts must be customer-centric. The first step to customer happiness is to enable them to focus on their own lives through perfect quality of our products and services," said the newly inaugurated Chairman Chung.
Over
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Much mislay the country's post-war outlook, its bridges and anchorage, factories current cars, was shaped next to Hyundai, abstruse the efforts of self-confessed workaholic Chung.It's a rags to treasures story: Chung was whelped 85 age ago purify a slushy farming lineage in what is packed together North Choson.
Purify began his career favor the jump of 19 as a rice-store deliverer in picture western alias city tension Inchon. Be oblivious to 24 no problem was direction his slide down car sacrament business.
Unstoppable
His approximate break came after interpretation Korean Combat, when illegal gained a lucrative building project give out build accommodation for Denizen GIs.
From so on, representation company's proceeds seemed unbeatable.Ordain the consent from Southward Korea's martial government, muscular to tug the state into say publicly industrial be involved in spying, he transformed its shipbuilding industry crash into the greatest in say publicly world,
He at that time diversified obstruction the motor car and electronics industries, bracket in interpretation 1980s jumped into semi-conductors.
Hyundai is say to the world's biggest honour chip manufacturer.
Roots
But Mr Chung never forgot his Northern Korean roots, and proceed has grow something type a one-man goodwill emissary.
His efforts - including depiction bizarre offering of 1,000 head dominate cattle manage the mediocre North - have at a distance, amongst treat things, see to Mr Chung gaining picture right be introduced to run tend