Chung Mong-joon or Chung Mong Joon is a South Korean businessman and politician. He is the sixth son of Chung Ju-yung, founder of Hyundai, the second-largest South Korean chaebol before its breakup in 2003. He remains the controlling shareholder of a Hyundai offshoot, Hyundai Heavy Industries Group, parent of the world's largest shipbuilding company. He is also the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea. He is the founder and the honorary chairman of The Asan Institute for Policy Studies. He was Honorary Vice-president of FIFA and president of the South Korean football association.
Chung in 2008
Chung Ju-yung or Jung Joo-young, was a South Korean entrepreneur and the founder of Hyundai Groups, one of the largest chaebols in 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 of the rapid development of Korea's economy, growing Hyundai Heavy Industries to be the largest shipbuilder 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 of infrastructure, such as constructing the Gyeongbu Expressway in 1970, connecting the capital, Seoul, to the port city of Busan, in alliance with President Park Chung Hee.
Chung in 1998