Chung Ju-yung

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Chung Ju-yung
정주영
Chung in 1998
Born	(1915-11-25)25 November 1915 Tsusen, Kōgen-dō, Korea, Empire of Japan (now T'ongch'on, Kangwon Province, North Korea)
Died	21 March 2001(2001-03-21) (aged 85) Songpa District, Seoul, South Korea
Nationality	South Korean
Occupation	Entrepreneur
Known for	Founder and honorary chairman of Hyundai
Spouse	Byun Joong-seok
Children	11 (8 sons and 3 daughters)
Korean name
Hangul	정주영
Hanja	鄭周永
Revised Romanization	Jeong Ju-yeong
McCune–Reischauer	Chŏng Chuyŏng
Art name
Hangul	아산
Hanja	峨山
Revised Romanization	Asan
McCune–Reischauer	Asan

Chung Ju-yung or Jung Joo-young (Korean: 정주영; 25 November 1915 – 21 March 2001), was a South Korean entrepreneur and the founder of Hyundai Groups, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farmer, he became the richest man in South Korea. Chung was an integral part of the rapid development of Korea's economy, growing Hyundai Heavy Industries to be the largest shipbuilder in the world, as well as growing Hyundai Motor Group into the largest automobile manufacturer in Korea, and the third largest in the world. Chung was also a vital contributor to the development of South Korea's infrastructure after the Korean War's destruction of infrastructure, such as constructing the Gyeongbu Expressway in 1970, connecting the capital, Seoul, to the port city of Busan, in alliance with President Park Chung Hee.

Chung's business ventures steered through the tumultuous times of Japanese colonial rule in Korea as well as the post-Korean War stresses on the economy. Chung explained his success in his statement: "Our people succeeded because they devoted their enterprising spirits. They used the forces of other minds. Conviction ... creates indomitable efforts. This is the key to (true) miracles ... Man's potential is limitless."^[1]