The first generation of Hyundai’s family leaves the 1st generation of’Young’ Ja-Lim…

Input 2021.01.31 13:24 | Revision 2021.01.31 14:51

KCC Honorary Chairman Sang-young Sang-young dies
Turning the English characters into the history of the ‘1st generation of Hyundai’s

KCC Honorary Chairman Sang-young Sang-young passed away on the 30th. 85 years old. The deceased is the youngest brother of the late Chung Ju-young, honorary chairman of Hyundai Group. This has completely ended the era of the first generation of modern entrepreneurs who use the’young’ character torlim.

Following the death of Hyundai Group’s honorary chairman Jeong Ju-young, the eldest of the founding generation of the modern family, six sons and one daughter, Jeong Se-young, honorary chairman of Hyundai Industrial Development (2005), Jeong Soon-young, honorary chairman of Sungwoo Group (2005), and Halla E&C Chung The honorary chairman (2006) and Mrs. Jung Hee-young (2015) also passed away.

The Hyundai family started from the bare hands of the honorary chairman Chung Ju-young, who left the words, “There are trials, but no failures.” Emeritus Chairman Chung Ju-young joined forces with his brothers to establish Hyundai E&C and Hyundai Motors, raising Hyundai into the number one corporate group in the domestic business world. In 1998, it was evaluated that it took the lead in the Geumgangsan tourism business and the Kaesong Industrial Complex project, such as traveling through Panmunjom with a herd of cattle.

However, in 2000, a year before the death of Honorary Chairman Chung, the’Prince’s Orientation’ broke out, and the Hyundai Group split. In 1953, the 2nd son, Jeong In-young, the honorary chairman of Halla Group Hyundai E&C (000720)He joined the company and joined the Hyundai Group together with Chairman Joo-young Chung, but in 1976, he became independent as Hyundai Corporation, the predecessor of Halla, in 1976, after having a conflict with his brother due to disagreements in the Middle East. The third son, Jeong Soon-young, the honorary chairman of Sungwoo Group, led Hyundai Cement, which became independent from Hyundai E&C in 1969.

Fourth son, Jeong Se-young, who was called’Pony Jung’, joined Hyundai E&C in 1957 and was invited in 1967. Hyundai Motor (005380)Inaugurated as president and led the automobile business for 32 years, achieving the myth of automobile exports. At the will of Honorary Chairman Chung Ju-young, he handed over the management rights of the automobile division to his nephew Chung Mong-koo, honorary chairman of Hyundai Motor Group in 1999, and moved to Hyundai Industrial Development with his son Chung Mong-gyu, then chairman of Hyundai Motor Company.

The 5th son, Shin Min-young, a former Dong-A Ilbo reporter, died in a car accident in Germany in 1962, in his early 30s. Jung Hee-young, the only younger sister and wife of the late Kim Young-joo, honorary chairman of Korea Flange Industries (who died in 2010), passed away in 2015.

KCC Honorary Chairman Sang-young Sang-young, who died the last time among the founding generations of Hyundai, KCC(002380)Founded. After the sudden death of Hyundai Group chairman Chung Mong-heon in 2003, his nephew, daughter-in-law Hyun Jeong-eun, had a management dispute with the chairman, but eventually lost.

In the early 2000s, the pan-modern family accelerated the process of succession to management and passed to the second generation using the’dream’ character, and is now moving to the third generation using the’good’ character. The first generation of startups disappeared into history when honorary chairman Sang-young Sang-young passed away on the 30th.