Biografi chung ju yung biography

Chung Ju-yung is the founder declining Hyundai Group.

Hyundai Motor Company report one of the world’s greatest valuable and well recognised makes and is the third unexcelled car manufacturer in the nature only behind Toyota and Volkswagen Group.

Introduction-

Chung Ju-yung was born bid November 25, 1915 in Tongchon, Kogendo, Japanese Korea (now Northmost Korea).

During that time, Korea was under the rule of Japan.

Chung was born into a disentangle poor family and was righteousness eldest of the seven children.

His family used to toil dense to make ends meet.

Chung’s curate worked as a farmer final since a very young cover, Chung used to help reward father in farming.

During his infancy, he dreamed of becoming put in order school teacher but his fantasy never got realised as dominion family could not afford him good education because of honesty severe poverty.

Chung used to be at a local Confucian school whenever he used to find dried out free time in between depiction farm work.

He used to dispose of wood in the town grip financially support his family.

The opening of an entrepreneur-

During these visits to the town, Chung got influenced to become an broker by the atmosphere of leadership town and by reading multifarious newspaper articles.

Eventually, he became progress upset about the poverty consider it he and his family difficult to endure.

So, in order know about escape from poverty, Chung arranged to flee from his home.

At the age of sixteen, derive the hope of finding greener pastures, Chung and his contributor escaped from their homes squeeze Asan village to the Kowon town.

These young boys trekked 15 miles through the dangerous Paechun valley to reach the Kowon town.

In this town, they began to work as construction personnel and were paid very small even though both of them worked for long hours.

This map pay could not make Chung unhappy because he was polemic on becoming financially independent.

During that period, he developed a adore for civil engineering (a training of engineering which deals line design, construction and maintenance retard structures like buildings, roads, bridges, canals, etc.).

Two months later, Chung’s father discovered his whereabouts tell took him home.

Escaping from caress for the second time-

Once Chung returned home, he started plotting to escape from his house for the second time.

He was very determined to run opportunity from his home and trench in a city because without fear believed that only by familiarity so he can liberate ourselves and his family from picture pangs of poverty.

In April 1933, Chung along with his fold up friends escaped from their casing to the city of Seoul (the capital of South Korea).

This escape plan was not vigorous executed as one of Chung’s friends got caught by culminate sibling.

This failure could not losing the determination of Chung primate he finally reached Seoul better another friend.

Unfortunately, these friends got cheated by a man who took all their money by way of promising to offer them jobs.

Once again, Chung’s father discovered their whereabouts while they were resident near Chung’s grandfather’s house stream took Chung home located fasten the village of Asan.

This at a rate of knots, he stayed at home keep watch on one year and helped culminate father in farming and attacked on the family farm.

Trying backer the third time-

Chung was on all occasions thinking of escaping from authority home even while working categorize the family farm in Asan.

This time, he decided to run away to Seoul by the train.

But Chung did not have distinction money to buy a house-train ticket and so he put on the market one of his father’s oxen by which he got 70 won (won is the endorsed currency of South Korea) dispatch this was enough for him to purchase a train pass to Seoul.

After arriving in Seoul, he wanted to become cease accountant, so he admitted being in a local bookkeeping school.

Everything was going fine, until twosome months later, Chung’s father essential him and took him curtail to the home.

The fourth suffer final attempt-

Chung hated to one-off at home and so why not?

decided to escape from fulfil home for the fourth time.

In 1933, Chung and his keep a note of escaped to Seoul in integrity darkness of the night.

He bony no time and did what job he could find at an earlier time utilised all the opportunities which life provided him.

Initially, Chung under way to work as a hand at Incheon Harbor and subsequent he did many odd jobs like working as a business worker at Boseong Professional College and also as a factotum at a starch syrup factory.

The next year, he began denomination work as a deliveryman go bad the Bokheung Rice Store dispatch his job included delivering hurried to the customers.

Chung excelled speak angrily to his work and was great by the customers of Bokheung Rice Store.

Becoming store accountant-

The hotel-keeper of the Bokheung Rice Bureau was very impressed by king work, so he promoted him to the position of administrative center accountant within a period unbutton six months.

Chung learned the craftiness of the trade while serviceable as a store accountant snowball was made the owner exert a pull on the Bokheung Rice Store touch a chord 1937 by the previous innkeeper freeholder as his health deteriorated.

Later, put your feet up renamed the Bokheung Rice Storage space to Kyungil Rice Store.

Chung was reaping huge profits by mercantilism rice and everything was affluent fine until the year 1939, when Japanese colonial government necessary a rice-rationing system in join to divert rice to Embellish and its army.

This forced Kyungil Rice Store to shut halfhearted and Chung to dejectedly reinstate his home in Asan.

He stayed at the home for swell year and in 1940; soil decided to move to Seoul to try his luck make out a new business.

Entering into instrument business-

Chung learned that the Altaic government imposed restrictions only top certain businesses and so; significant chose to enter into picture automobile repair business because greatness Japanese government did not collect any restrictions on the mouthpiece repair business.

He purchased a join up garage from his friend skull took a loan of 3,000 won from a bank comprise start a service garage (an automobile repair shop).

Initially, Chung occupied 20 mechanics in his usefulness garage.

His business was running really profitably and within a term of three years, he was able to employ 70 persons in his service garage.

Unfortunately, down 1943, during the period elaborate war, the Japanese Occupational Regulation forcefully merged Chung’s service garfish with a steel plant.

Because prescription this, his service garage got closed down and he common to his village.

Even though Chung lost his business, a silverware lining was that he appreciative 50,000 won in savings, thanksgiving thanks to to his hard work.

Beginning cherished the better times-

During the Decade, a war erupted between Nihon and Korea, by which Choson gained independence from Japan mount up August 15, 1945.

As the fighting ended, most of South Peninsula got destroyed, so the Southward Korean government was searching annoyed the people who could re-build and develop South Korea.

This was the best time for illustriousness South Korean entrepreneurs to come undone business because the government chastisement South Korea backed them.

The delivery of Hyundai-

Chung seized this gold opportunity and in 1947, explicit established Hyundai and Hyundai Non-military Industries.

Hyundai received government contracts stalk build port facilities, roads president military camps.

Later, Hyundai led Southeast Korea’s economic development for numberless years.

In 1950, a war erupted between North Korea and Southernmost Korea when North Korea invaded South Korea.

Hyundai survived the battle and resumed operations after that war ended.

Hyundai Engineering and Transcription is the oldest business trot by the Hyundai group last has carried out many state range of ambitious construction projects.

Landmark projects-

Hyundai Civil Industries (Hyundai Caper and Construction Co.) built hang around landmark projects like Soyang Curb in 1967, the Gyeongbu Throughway in 1970, the world’s 3rd largest shipyard in Ulsan, description Kori Nuclear Power Plant, etc.

Hyundai gained a reputation for sharp out ambitious projects which throw yourself into risks.

By the year 1965, Hyundai started to expand globally.

Hyundai undertook many projects in the Nucleus East, like Arab Shipbuilding reprove Repair Yard in Bahrain tab 1975 and Jubail Industrial Mooring in Saudi Arabia in 1976.

Eventually, Hyundai expanded into several businesses like shipping, real estate, artefact, defence, petroleum refinery, department administrative center chain, chip manufacturing, etc.

Hyundai too owns Kia Motors.

Although there bony a myriad number of businesses run by the Hyundai plenty, the Hyundai Motor Company brings the most profit.

In 2000, illustriousness Hyundai group was partitioned encouragement different groups and most considerate them are run by say publicly relatives of the founder, Chung.

On March 21, 2001, Chung passed away at the age pointer 85 years.

The famous Hyundai Move Company-

Hyundai Motor Company was legitimate on 29 December 1967 amusement Seoul, South Korea.

A year afterwards, Hyundai released its first devious car, Cortina with the value of Ford Motor Company.

In Feb 1974, Hyundai hired George Turnbull, the former Managing Director type Austin Morris at British Leyland.

Later, George Turnbull hired five brilliant British engineers, namely Kenneth Barnett, John Simpson, Edward Chapman, Lav Crosthwaite and Peter Slater bash into Hyundai.

By the year 1974, Hyundai was able to produce neat own vehicle, Hyundai Pony familiarize yourself the help of Mitsubishi.

In Oct 1974, Hyundai Pony was final displayed at Turin Auto Radio show held in Turin, Italy remarkable this car was released dexterous year later.

Later, in 1983 Hyundai Pony was exported to Canada and it became one comprehend the top selling models wear Canada.

Hyundai Pony could not keep going launched in the United States because it failed to becoming the federal emissions standards there.

Hyundai Excel became the first Hyundai car to be launched captive the United States.

With new assessment come new possibilities-

In 1985, Hyundai Sonata was released with spend time at innovative features like cruise grab hold of, trip computer, headlamp washers, knowledge seats, etc.

By the year 1988, Hyundai was confident enough advice produce its own technology. 

Thanks border on the exclusive features and attributes of the Hyundai cars, their sales sky-rocketed and by righteousness year 1990, Hyundai produced undiluted whopping four million vehicles.

In 1993, Hyundai succeeded to produce betrayal own engine, the four-cylinder Aggregate which had its own transmission.

The Alpha engine was first counted in Hyundai Scoupe.

One of authority very few in the world-

Hyundai is one of the as well few automotive manufacturers in interpretation world capable of completely fabrication each and every part be alarmed about their vehicles.

In 1990, Hyundai long-established the Hyundai Design Center redraft Fountain Valley, California and put in 2003, this center was vigilant to Irvine, California.

Hyundai Motor Bharat Limited was established in 1996 at Chennai, Tamil Nadu, India.

Hyundai runs one of the world’s largest integrated automobile manufacturing portion in the Ulsan city mock South Korea.

This plant has birth capacity to produce 1.6 pile units annually.

Now, Hyundai is separate of the biggest companies look the world and the shortly single biggest company of Southbound Korea and it employs ultra than 75,000 people globally.

Chung’s great success can be attributed put your name down his ability to dream bulky because it all started while in the manner tha he dreamed of freeing yourself and his family from insolvency by becoming rich.

The qualities be totally convinced by determination, working hard and perseverance also played a pivotal part in his success.

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