8chan/8kun QResearch Posts (3)
#6015208 at 2019-04-02 09:12:27 (UTC+1)
Q Research General #7693: eBake
>>6015087
> Chung Ju-yung died in 2001
https://www.theguardian.com/news/2001/mar/28/guardianobituaries1
Even after Korea's financial crisis of 1997-98, Hyundai was reluctant to reform. Power struggles between three of Chung's sons merely hastened the process of breaking up the group. Hyundai Motor is already spun off under a rebellious eldest son, Chung Mong-koo, leaving the third son, and their father's favourite, Mong-hun, with the debt-ridden construction and chip businesses. Only loans from state banks have saved Hyundai from following its rival Daewoo into collapse.
That rescue was a reward for Chung's key role in the peace process with North Korea. He first went north in 1989, but neither regime was ready for compromise. A decade later, he symbolically drove 500 cattle across the demilitarised zone between the two Koreas as a gift, met the northern leader Kim Jong-il, and began tourist cruises to the scenic Diamond mountains (Kumgang-san), which have since taken more than 300,000 southerners to the north. These gestures paved the way for last year's summit.
………
https://asia.nikkei.com/Asia300/Hyundai-Motor-ponders-passing-the-family-baton
March 29, 2018 15:25 JST
SEOUL – Hyundai Motor Group appears to be preparing for a generational change as Chairman Chung Mong-koo slowly hands over the reins to his eldest son, Vice Chairman Chung Eui-sun.
The younger Chung will now serve on more boards within the group than his father. Earlier this month, general contractor Hyundai Engineering & Construction approved the retirement of Chung Mong-koo, meaning he will be working as a director at just three group companies.
The South Korean conglomerate has declined to comment on any change to its management, but Chung Eui-sun holds four directorships, including Hyundai Engineering & Construction and Kia Motors.
Speculation is rife that Chung Mong-koo, who turns 80 this year, is waiting for the right time to hand the baton completely over to his son.
Chung Eui-sun has won plaudits among the "third generation" of South Korea's family-run chaebol, as the conglomerates are known, for his skills in building Hyundai Motor's luxury brand Genesis and putting Kia back on its feet.
..At Samsung group, Vice Chairman Lee Jae-yong is expected to take over as chairman of the key Samsung Electronics unit. Chey Tae-won, another third-generation leader, became chairman of SK group in 2005.
#6015173 at 2019-04-02 09:04:25 (UTC+1)
Q Research General #7693: eBake
>>6015087
3rd person named Lee, going to leap and think he is related to this lee
http://www.koreatimes.co.kr/www/news/opinon/2012/10/164_24537.html
Lee Kun-hee, now former Samsung Group chairman, doesn't need Freud to know his emotional state of mind or Machiavelli to strategize. The 66-year-old tycoon, who still controls the business empire that accounts for one fifth of Korea's exports and employs 200,000, has it all figured out, except for one thing.
To complete his ``grand design,'' the leader of the country's biggest chaebol or family-oriented conglomerate, needs a son like Michael Corleone, the third among three sons of the Don in Mario Puzo's epic novel The Godfather, about the rise of a criminal Sicilian family in New York.
By all means, Lee may be down but not out after a harrowing three-month investigation by the president-appointed special prosecutor. The probe, triggered by revelations by a disgruntled chief legal counsel for Samsung, ended with indictment on three accounts slapped against Lee, once the most popular role model of young Koreans. The three accounts included tax evasion to the tune of $100 million and breach of trust.
On April 22, a week after the indictments were announced, Lee read a mea culpa in front of the entire nation and resigned from his post as Samsung chairman. It was a moment of humiliation for the man, who has engineered the remarkable growth of the conglomerate to the front ranks of the Global Inc.
Adding insult to injury was the fact that it was not just he but other members of his family that had to parade along phalanxes of photographers on their way to the prosecutor's office for questioning.
There are precedents in other Korean big businesses that have survived a generational shift from father to son. SK Chairman Chey Tae-won had to spend months in jail on a conviction of accounting fraud before he could take full control of his conglomerate from Sohn Kil-seung, a hired gun by his late father Chey Jong-hyun. When the senior Chey died in 1998, Sohn said that he would take care of the business for a couple years so as to help the younger Chey learn the ropes. But it was five years later that Taewon took over after time behind bars.
Hyundai-Kia Automotive Group Chairman Chung Mong-koo also earned his respect after he went to jail on bribery charges for his father and legend Chung Ju-yung.
#6015149 at 2019-04-02 08:56:49 (UTC+1)
Q Research General #7693: eBake
>>6015087
https://www.forbes.com/profile/Chey-Tae-won/#1df145de4bf9
In 2013 he was convicted of misappropriating company funds but was later pardoned by then-president Park Geun-hye and returned to his post in 2016.
Chey is a nephew of SK Group founder Chey Jong-gun, who started the conglomerate with a textile company called Sunkyong.
..
not the grandson but that president is in jail
…
https://www.nytimes.com/2018/08/24/world/asia/park-geun-hye-sentenced-south-korea.html
Aug. 24, 2018
SEOUL, South Korea - Park Geun-hye, South Korea's impeached and ousted president, was sentenced Friday to 25 years in prison, as an appeals court convicted her of collecting more bribes than previously believed from Samsung, the country's largest business conglomerate
8chan/8kun QRB Posts (1)
#55917 at 2021-05-23 00:23:16 (UTC+1)
QRB General #217: Double 17, WWG1WGA!!! Edition
>>55852 pb
Korean AF KAF001 747 departed Atlanta Int'l Airport after ground stop
Moon visits SK's battery plant construction site in US
South Korean President Moon Jae-in visited a plant construction site of SK Innovation, the country's leading battery maker, in the United States on Saturday. The facility in the state of Georgia is regarded as symbolizing close partnerships between the two countries in the electric vehicle (EV) battery sector. The Joe Biden administration is pushing to secure stable supply chains in such high-tech industries as semiconductors and EV batteries. SK is partnering with Ford Motor for a joint venture to manufacture EV battery cells. Moon made a stopover in Atlanta for a visit to the site on his way back home following summit talks with Biden, during which they agreed to cooperate closely on the global supply chain issue. He was accompanied by South Korea's Industry Minister Moon Sung-wook, SK Group Chairman Chey Tae-won and Georgia Gov. Brian P. Kemp during the tour of the facility. Once its construction is completed on the outskirts of Atlanta, the facility is expected to become a "successful cooperation model" between the two nations, according to Moon's office Cheong Wa Dae.
https://www.koreatimes.co.kr/www/nation/2021/05/120_309225.html