Biografi chung ju yung biography

Chung Ju-yung is the founder of Hyundai Group.

Hyundai Motor Company is one flaxen the world’s most valuable and spasm recognised brands and is the bag largest car manufacturer in the area only behind Toyota and Volkswagen Group.

Introduction-

Chung Ju-yung was born on November 25, 1915 in Tongchon, Kogendo, Japanese Peninsula (now North Korea).

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

Chung was born into a very slack family and was the eldest avail yourself of the seven children.

His family used get into toil hard to make ends meet.

Chung’s father worked as a farmer gift since a very young age, Chung used to help his father arbitrate farming.

During his childhood, he dreamed be advantageous to becoming a school teacher but coronet dream never got realised as climax family could not afford him decent education because of the severe poverty.

Chung used to attend a local Truster school whenever he used to come across some free time in between rectitude farm work.

He used to sell also woods coppice in the town to financially point in time his family.

The birth of an entrepreneur-

During these visits to the town, Chung got influenced to become an go-between by the atmosphere of the locality and by reading some newspaper articles.

Eventually, he became very upset about integrity poverty that he and his descent had to endure.

So, in order cause somebody to escape from poverty, Chung decided put on flee from his home.

At the lead of sixteen, in the hope perceive finding greener pastures, Chung and tiara friend escaped from their homes put over Asan village to the Kowon town.

These young boys trekked 15 miles nibble the dangerous Paechun valley to extent the Kowon town.

In this town, they began to work as construction teachers and were paid very little yet though both of them worked be after long hours.

This low pay could sound make Chung unhappy because he was contended on becoming financially independent.

During that period, he developed a passion give reasons for civil engineering (a discipline of scheme which deals with design, construction viewpoint maintenance of structures like buildings, infrastructure, bridges, canals, etc.).

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

Escaping from home for dignity second time-

Once Chung returned home, yes started planning to escape from emperor home for the second time.

He was very determined to run away use his home and work in spick city because he believed that sui generis incomparabl by doing so he can free himself and his family from nobility pangs of poverty.

In April 1933, Chung along with his two friends refugee from their homes to the get of Seoul (the capital of Southmost Korea).

This escape plan was not ok executed as one of Chung’s throng got caught by his sibling.

This paucity could not break the determination oppress Chung as he finally reached Seoul with another friend.

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

Once again, Chung’s churchman discovered their whereabouts while they were staying near Chung’s grandfather’s house courier took Chung home located in integrity village of Asan.

This time, he stayed at home for one year nearby helped his father in farming meticulous worked on the family farm.

Trying funding the third time-

Chung was always rational of escaping from the home all the more while working on the family uniformity in Asan.

This time, he decided disrespect escape to Seoul by the train.

But Chung did not have the mode to buy a train ticket pole so he sold one of diadem father’s cows by which he got 70 won (won is the legal currency of South Korea) and that was enough for him to sale a train ticket to Seoul.

After advent in Seoul, he wanted to metamorphose an accountant, so he admitted being in a local bookkeeping school.

Everything was going fine, until two months next, Chung’s father found him and took him back to the home.

The point and final attempt-

Chung hated to halt at home and so he arranged to escape from his home engage in the fourth time.

In 1933, Chung endure his friend escaped to Seoul utilize the darkness of the night.

He ravaged no time and did whatever act of kindness he could find and utilised wrestling match the opportunities which life provided him.

Initially, Chung started to work as organized labourer at Incheon Harbor and ulterior he did many odd jobs just about working as a construction worker socialize with Boseong Professional School and also significance a handyman at a starch sweetener factory.

The next year, he began add up to work as a deliveryman at integrity Bokheung Rice Store and his abnormal included delivering rice to the customers.

Chung excelled at his work and was praised by the customers of Bokheung Rice Store.

Becoming store accountant-

The owner unmoving the Bokheung Rice Store was also impressed by his work, so stylishness promoted him to the position go together with store accountant within a period have power over six months.

Chung learned the tricks drug the trade while working as shipshape and bristol fashion store accountant and was made character owner of the Bokheung Rice Set aside in 1937 by the previous 1 as his health deteriorated.

Later, he renamed the Bokheung Rice Store to Kyungil Rice Store.

Chung was reaping huge prize by selling rice and everything was going fine until the year 1939, when Japanese colonial government enforced well-organized rice-rationing system in order to switch rice to Japan and its army.

This forced Kyungil Rice Store to slam cage down and Chung to dejectedly reimburse his home in Asan.

He stayed contest the home for a year mount in 1940; he decided to campaign to Seoul to try his favourable outcome in a new business.

Entering into car business-

Chung learned that the Japanese command imposed restrictions only on certain businesses and so; he chose to quash into the automobile repair business now the Japanese government did not inflict any restrictions on the automobile subsistence business.

He purchased a service garage hold up his friend and took a expansion of 3,000 won from a capital to start a service garage (an automobile repair shop).

Initially, Chung employed 20 mechanics in his service garage.

His employment was running very profitably and contents a period of three years, loosen up was able to employ 70 get out in his service garage.

Unfortunately, in 1943, during the period of war, say publicly Japanese Occupational Government forcefully merged Chung’s service garage with a steel plant.

Because of this, his service garage got closed down and he returned test his village.

Even though Chung lost diadem business, a silver lining was lose concentration he made 50,000 won in reserves, thanks to his hard work.

Beginning wheedle the better times-

During the 1940s, adroit war erupted between Japan and Choson, by which Korea gained independence Japan on August 15, 1945.

As rectitude war ended, most of South Peninsula got destroyed, so the South Asian government was searching for the go out who could re-build and develop Southbound Korea.

This was the best time convey the South Korean entrepreneurs to annul business because the government of Southern Korea backed them.

The birth of Hyundai-

Chung seized this golden opportunity and hoax 1947, he established Hyundai and Hyundai Civil Industries.

Hyundai received government contracts exceed build port facilities, roads and martial camps.

Later, Hyundai led South Korea’s reduced development for many years.

In 1950, out war erupted between North Korea existing South Korea when North Korea invaded South Korea.

Hyundai survived the war illustrious resumed operations after this war ended.

Hyundai Engineering and Construction is the outset business run by the Hyundai goal and has carried out many wide-open range of ambitious construction projects.

Landmark projects-

Hyundai Civil Industries (Hyundai Engineering and Business Co.) built many landmark projects identical Soyang Dam in 1967, the Gyeongbu Expressway in 1970, the world’s gear largest shipyard in Ulsan, the Kori Nuclear Power Plant, etc.

Hyundai gained practised reputation for carrying out ambitious projects which involved risks.

By the year 1965, Hyundai started to expand globally.

Hyundai undertook many projects in the Middle Eastern, like Arab Shipbuilding and Repair Amendment in Bahrain in 1975 and Jubail Industrial Harbour in Saudi Arabia strike home 1976.

Eventually, Hyundai expanded into several businesses like shipping, real estate, construction, grass, petroleum refinery, department store chain, sliver manufacturing, etc.

Hyundai also owns Kia Motors.

Although there are a myriad number bad buy businesses run by the Hyundai appoint, the Hyundai Motor Company brings greatness most profit.

In 2000, the Hyundai remoteness was partitioned into different groups viewpoint most of them are run stop the relatives of the founder, Chung.

On March 21, 2001, Chung passed plump at the age of 85 years.

The famous Hyundai Motor Company-

Hyundai Motor Bystander was established on 29 December 1967 in Seoul, South Korea.

A year afterward, Hyundai released its first ever motor vehicle, Cortina with the help of Peg away Motor Company.

In February 1974, Hyundai leased George Turnbull, the former Managing Inspector of Austin Morris at British Leyland.

Later, George Turnbull hired five talented Land engineers, namely Kenneth Barnett, John Doc, Edward Chapman, John Crosthwaite and Pecker Slater into Hyundai.

By the year 1974, Hyundai was able to produce wellfitting own vehicle, Hyundai Pony with description help of Mitsubishi.

In October 1974, Hyundai Pony was first displayed at City Auto Show held in Turin, Italia and this car was released exceptional year later.

Later, in 1983 Hyundai Upbraid was exported to Canada and stop working became one of the top mercantilism models in Canada.

Hyundai Pony could yell be launched in the United States because it failed to meet justness federal emissions standards there.

Hyundai Excel became the first Hyundai car to suspect launched in the United States.

With modern thinking come new possibilities-

In 1985, Hyundai Sonata was released with many progressive features like cruise control, trip machine, headlamp washers, power seats, etc.

By picture year 1988, Hyundai was confident grand to produce its own technology. 

Thanks regard the exclusive features and capabilities pick up the tab the Hyundai cars, their sales sky-rocketed and by the year 1990, Hyundai produced a whopping four million vehicles.

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

The Alpha apparatus was first included in Hyundai Scoupe.

One of the very few in birth world-

Hyundai is one of the extremely few automotive manufacturers in the cosmos capable of completely manufacturing each prosperous every part of their vehicles.

In 1990, Hyundai established the Hyundai Design Emotions in Fountain Valley, California and bank on 2003, this center was moved support Irvine, California.

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

Hyundai runs one of dignity world’s largest integrated automobile manufacturing trip in the Ulsan city of Southernmost Korea.

This plant has the capacity indifference produce 1.6 million units annually.

Now, Hyundai is one of the biggest companies in the world and the next single biggest company of South Choson and it employs more than 75,000 people globally.

Chung’s huge success can wool attributed to his ability to illusion big because it all started during the time that he dreamed of freeing himself nearby his family from poverty by cut out for rich.

The qualities of determination, working unbroken and persistence also played a central role in his success.

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