Chung Se Yung Former Hyundai Motor Head Dies
In the wake of the opening of Hyundai Motor Company's Alabama manufacturing plant, Chung Se Yung who spearheaded Hyundai's entry into auto manufacturing has died of pneumonia.
He was aged 78.
Chung Se Yung, a brother of the late Hyundai Group founder Chung Ju Yung, was responsible for setting up Hyundai Motor in 1967.
Having earned his master`s degree in political science in the United States, Chung started his business career at Hyundai Engineering and Construction Co. In 1957 and became the first chief executive of Hyundai Motor Co. Chung was credited with expanding Hyundai into one of global automakers before his retirement in the late 1990s.
In 1999, control of Hyundai Motor went to Hyundai founder Chung Ju Yung's son, the current chairman Chung Mong Koo.
Interesting, Chung Se Yung had planned that control of the motor company would go to his own son In Confucian tradition, Chung Se Yung yielded to the request of his elder brother, Chung Ju Yung that the car company go the Chung Mong Koo.
Chung se-Yung at the time of his death was the honorary chairman of Hyundai Development, one of South Korea`s leading construction companies.
He was aged 78.
Chung Se Yung, a brother of the late Hyundai Group founder Chung Ju Yung, was responsible for setting up Hyundai Motor in 1967.
Having earned his master`s degree in political science in the United States, Chung started his business career at Hyundai Engineering and Construction Co. In 1957 and became the first chief executive of Hyundai Motor Co. Chung was credited with expanding Hyundai into one of global automakers before his retirement in the late 1990s.
In 1999, control of Hyundai Motor went to Hyundai founder Chung Ju Yung's son, the current chairman Chung Mong Koo.
Interesting, Chung Se Yung had planned that control of the motor company would go to his own son In Confucian tradition, Chung Se Yung yielded to the request of his elder brother, Chung Ju Yung that the car company go the Chung Mong Koo.
Chung se-Yung at the time of his death was the honorary chairman of Hyundai Development, one of South Korea`s leading construction companies.
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