[속보] Jeong Ju-young, honorary chairman of Hyundai Group, the youngest younger brother, Sang-young Sang-young, honorary chairman dies

Sang-young Sang-young (photo) KCC’s honorary chairman died on the evening of January 30th. 86 years old.

The late KCC Honorary Chairman Sang-young Sang-young is the youngest younger brother of the late Hyundai Group Honorary Chairman Chung Ju-young, who was called’Chairman Wang’ in his lifetime. The era of the first-generation entrepreneur who led the pan-modern family was ended with the death of Hang-Ryeol’s “young” character, Hang-Ryeol’s last generation in the first generation of entrepreneurship. Born in 1936, he spent more than 60 years in the management frontline, a rare founder in the Korean business world. The deceased, who served as a domestic entrepreneur, was the longest-serving entrepreneur among domestic entrepreneurs.

In 1958, he founded Kumkang Thread Industrial Co., Ltd., which manufactures slate. The eldest brother, the late honorary chairman Chung Ju-young, refused to support him and chose to become self-reliant. The entrepreneurial spirit of fostering a strong company inside and practicing an industrial preservation outside has continued to this day, and has achieved business expansion that meets the demands of the times through stability and change.

In 1974, he established’Koryo Chemical’ and entered the paint business, which is the organic chemical field, and in 1989, the construction division was separated to establish Geumgang Construction (currently KCC E&C). In 2000, Kumkang Co., Ltd. and Korea Chemical Co., Ltd. merged and newly established as Kumkang Korea Chemical Co., Ltd., and in 2005, Kumkang Korea Chemical Co., Ltd. was renamed KCC Co., Ltd. to grow into a global high-tech material chemical company ranging from construction materials to silicon and high-tech materials. Worked.

Honorary Chairman Ko Sang-young was a manager who valued the field by keeping in line with the growth of the Korean economy with the spirit of’industrial security’. In addition, it is evaluated that it has contributed to the localization of technology and industrial development by self-developing paints, glass, and silicon, which were dependent on foreign countries for the localization of construction and industrial materials.

Taking the lead in securing high-tech competitiveness, it succeeded in mass production of semiconductor encapsulants (EMC) for the first time in Korea in 1987, and contributed to the localization of semiconductor materials by successfully developing and commercializing adhesives for semiconductors. In 1996, it secured its own technology for water-soluble automotive paints, and made a big stride in the development of paint technology.

Since 2003, the country’s first independent production of silicon raw materials (monomers), which all depended on imports from overseas, has become the seventh country with silicon manufacturing technology after Germany, France, the United States, Japan, Russia and China. .

The deceased, who was a manager who set an example by himself by emphasizing ownership and righteous management to employees with a modest and frugal personality, emphasized the importance of talent and was willing to pay tens of billions of won in private assets at Dongguk University and Ulsan University to foster talent. They contributed their strength to securing the necessary talents.

There are three sons, including his wife Eun-joo Cho, KCC Chairman Chung Mong-jin, KCC Glass Chair Chung Mong-ik, and KCC E&C Chairman Chung Mong-yeol.

KCC said, “The funeral will be performed as quietly and simply as possible according to the will of the deceased,” and said, “Please understand that we have decided not to politely refrain from condolences and harmony, and not to inform the outside of specific schedules such as insults and injuries.”

/ Reporter Lee Sang-hoon [email protected]

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