Chung Mong-koo

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Chung Mong-koo (b. March 19 1938 in Seoul) is the chairman of Hyundai Motor Group. He graduated from Hanyang University in 1967. In 1999, he took over as head of Hyundai, succeeding his father and founder Chung Ju-yung. In 2000, he attracted widespread attention when he defied his father Chung Ju-yung's order to step down. He was named by BusinessWeek as one of the top managers for 2004.

In 2006, he and his family were targeted by the Seoul Supreme Public Prosecutor's Office as part of an investigation into embezzeling 100 billion won ($106 million USD) from Hyundai to create slush funds. Despite a travel ban, Chung left South Korea in April 2006. Chung was arrested on 28 April 2006 on charges related to embezzlement and other corruption. Chung is currently being held in a detention facility. His son and alleged accomplice, Eui-sun, is also charged for the same crimes but will not be held in detention.

Hyundai Vice Chairman and CEO, Kim Dong-jin is taking over as head of the company.

See also

• List of South Korean businesspeople
• Chaebol
• List of Koreans
• List of Korea-related topics
• South Korea
• Korea

Footnotes