Hyundai Motor Group is the largest automaker in South Korea and one of the most prominent automakers in the world.
The company was founded by Chung Ju-yung, the father of the CEO of Hyundai Motor Group, currently Chung Mong Koo, who has continued to occupy the company after the death of his father.
The reader certainly knows some of the great struggles of his father, Chung Mong Koo, entrepreneur who was born in a poor family and fled from his home to dream of becoming an entrepreneur.
Business Cambodia will showcase its inspirational video below so its readers better understand the creators. Now, let's look at the success of his son once he died, his son did what he did as the chairman of the Hyundai Motor Group, who took over from his father. Chung Mong Koo is the eldest son of Chung Ju-yung and CEO and President of Hyundai Motor Group.
Seeing his father's efforts, Chung Mong Koo promised never to lose his father. He has been the chairman of the company among eight since 1987.
When Koo occupied Hyundai first, it was not as big as today. It's just a car rating and look at the home automobile in Korea.
Later, Koo urged the company to become the 5th largest car maker in the world and the largest car manufacturer in Korea.
Hyundai has been producing around 2 million cars each year, which has shown remarkable success beyond its father's expectations.
Chung Mong Koo was awarded the Van Fleet Award and Detroit's Automotive Hall of Fame in 2009.
Later, in 2004, he was considered a good Korean businessman by the Business Week magazine.
Nearly ten years later, in 2012, Chung Mong Koo was named one of the 50 most influential people on the Bloomberg Markets.
He used to say that because he always took his father as a role model and determined to maintain and develop this legacy even further.
It should be noted that the 80-year-old entrepreneur is the sixth richest person in South Korea with $ 4.4 billion worth of assets today.
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