South Korea: Hyundai: Chung Ju-yung dies скачать в хорошем качестве

South Korea: Hyundai: Chung Ju-yung dies

(21 Mar 2001) Natural Sound XFA One of the men who did most to lead South Korea's postwar economic miracle died on Wednesday. Hyundai founder Chung Ju-yung was 86. Chung has been in and out of the hospital since August last year, suffering from fatigue and weight loss. A Hyundai spokesman said Chung died of old age. Despite his once-mythical status in South Korea's corporate world, Chung's reputation was tarnished by the failure of his troubled Hyundai conglomerate to aggressively pursue reforms. Chung had retired from management of the conglomerate - South Koreas largest - which has been recently plagued by liquidity problems. Chung remained a widely respected figure in South Korea for his central role in the revival of an economy that had been shattered by the 1950-53 Korean War. He was also a key player in Seoul's efforts to engage communist North Korea, launching a 942 (m) million U-S dollar tourism project at a scenic mountain in the North in late 1998. However, that project is now in financial trouble. On several occasions, Chung traveled to the North to discuss business ventures with the North's leader, Kim Jong Il. Chung was born into a poor farming family in what is now North Korea in 1915. He got his start in business by selling his father's cow and ended up with an empire which has grown to include Hyundai Motor Co., oil refineries, electronics companies, banks, shipyards and construction giants. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...