Home » Uncategorized » The founder of Hyundai was born to an impoverished family of peasants in what is now North Korea. In 1998, he sent 1001 cows to his hometown in North Korea as a repayment 1000 times over for a cow that he stole in the early 1930s to afford his train ticket to Seoul and escape from poverty.

The founder of Hyundai was born to an impoverished family of peasants in what is now North Korea. In 1998, he sent 1001 cows to his hometown in North Korea as a repayment 1000 times over for a cow that he stole in the early 1930s to afford his train ticket to Seoul and escape from poverty.

Chung Ju-yung

This is a Korean name; the family name is Chung.

Chung Ju-yung or Jung Joo-young (November 25, 1915 – March 21, 2001), was a South Korean entrepreneur, businessman and the founder of Hyundai Groups of 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 to the rapid development of Korea’s economy, growing Hyundai Heavy Industries to be the largest ship builder 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 on much domestic infrastructure by construc… Continue Reading (10 minute read)

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