Chung Mong Koo: CEO of the Hyundai Motor Group

Chung Mong Koo: CEO of the Hyundai Motor Group

Chung Mong-koo (born March 19, 1938, in Gangwon Province) is a South Korean business magnate who is the chairman and CEO of Hyundai Motor Group. The Hyundai Motor Group consists of 42 subsidiaries and is the second largest Chaebol in South Korea. Chung succeeded his father, Chung Ju-yung, the founder of the conglomerate known as the Hyundai Group. When the conglomerate split into several parts in 1999, Chung Mong-koo took over the Hyundai Motor division. He is the eldest surviving son of Chung Ju-yung’s eight sons. He was convicted of embezzlement and breach of fiduciary duty in February 2007, but was given a suspended sentence and was fully pardoned by President Lee Myung-bak.

As of March 2014, his net worth was $6.8 billion according to Forbes

Awards and honors

  • 2009: James A. Van Fleet Award, The Korea Society
  • 2008–present: Honorary Chairman of the Organizing Committee for the Expo 2012 in Yeosu
  • 2001: Awarded Distinguished Service Citation by Detroit’s Automotive Hall of Fame
  • 1997–present: Honorary Vice President of World Archery Federation
  • 1986–1997: Chairman of Asia Archery Association
  • 1985–1997: Chairman of Korea Archery Association

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