Chung Ju-yung

Chung Ju-yung
정주영
Chung in 1998
Born(1915-11-25)25 November 1915
Died21 March 2001(2001-03-21) (aged 85)
Songpa District, Seoul, South Korea
NationalitySouth Korean
OccupationEntrepreneur
Known forFounder and honorary chairman of Hyundai
Political partyUnification National Party
SpouseByun Joong-seok
Children11 (8 sons and 3 daughters)
Korean name
Hangul
정주영
Hanja
鄭周永
RRJeong Juyeong
MRChŏng Chuyŏng
Art name
Hangul
아산
Hanja
峨山
RRAsan
MRAsan

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 Group, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farmer, Chung was an integral part of the rapid development of Korea's economy, growing Hyundai Heavy Industries into the largest shipbuilder in the world, as well as increasing 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; with President Park Chung Hee, Chung constructed the Gyeongbu Expressway to connect Seoul to Busan in 1970.

Chung's business ventures steered through the tumultuous times of Japanese colonial rule in Korea and 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."