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Chung Mong Koo
Chung Mong-koo (born March 19, 1938, in Kangwon Province) is a South Korean businessman. He is the honorary chairman and former CEO of Hyundai Motor Group, Korea's second largest chaebol that manages 54 subsidiaries including Hyundai Motor, Kia Motors, and Hyundai Steel. He started his career in 1970, joining the engineering & construction division of the group. 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. Education * Graduated, Kyungbock High School * Bachelor of Science in industrial engineering, Hanyang University Professional experience * 2020–present: Honorary Chairman of Hyund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeong (Korean Name)
Jeong is a Latin alphabet rendition of the Korean family name "정", also often spelled Chung, Jung, Joung or Jong. As of the South Korean census of 2015, there were 2,407,601 people by this name in South Korea or 4.84% of the population. The Korean family name "정" is mainly derived from three homophonous hanja. (2,151,879), (243,803) and (11,683). The rest of the homophonous hanjas include: (139), (41), (29), (22) and (5). Latin-alphabet spelling In a study by the National Institute of the Korean Language based on a sample of year 2007 applications for Republic of Korea passport, South Korean passports, it was found that 48.6% of people with this surname chose to have it spelled in Latin letters as Jung in their passports. The Revised Romanization transcription Jeong was at second place with 37.0%, while Chung came in third at 9.2%. It was the only one out of the top five surnames (the others being Kim, Park, Lee, and Choi) for which the Revised Romanization spelling ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kyungbock High School
Kyungbock High School () is one of the oldest modern secondary school in South Korea. It is located in Jongno-gu, Seoul, near Gyeongbok Palace, after which it is named. It was established on April 18, 1921. The school's original name was the No. 2 High School of Gyeongseong (경성제이고등보통학교). It has changed its name several times before settling on the name "Kyungbock" in 1938. History Kyungbock High School is one of the oldest modern secondary schools in South Korea. It was established on April 20, 1921, after Kyunggi High School, which originated from Gwanlim Middle School. Kyunggi High School was the first high school of Gyeongseong at the time, and Kyungbock High school was named the second. Its main building was built on June 20, 1921. In 1938, the school changed its name to Kyungbock Middle School due to its proximity to Gyeongbok Palace. In 1946, right after emancipation from the Japanese Colonial Rule, the school extended its admission to younger students. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rule Of Law
The rule of law is the political philosophy that all citizens and institutions within a country, state, or community are accountable to the same laws, including lawmakers and leaders. The rule of law is defined in the ''Encyclopedia Britannica'' as "the mechanism, process, institution, practice, or norm that supports the equality of all citizens before the law, secures a nonarbitrary form of government, and more generally prevents the arbitrary use of power." The term ''rule of law'' is closely related to constitutionalism as well as ''Rechtsstaat'' and refers to a political situation, not to any specific legal rule. Use of the phrase can be traced to 16th-century Britain. In the following century, the Scottish theologian Samuel Rutherford employed it in arguing against the divine right of kings. John Locke wrote that freedom in society means being subject only to laws made by a legislature that apply to everyone, with a person being otherwise free from both governmental and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chung Eui-sun
Chung Eui-sun (born 18 October 1970), also spelled Euisun Chung, is a South Korean billionaire businessman. He is the chairman of Hyundai Motor Group and the only son and "heir apparent" of Hyundai Motor Group honorary chairman Chung Mong-koo. Education Chung was educated in Whimoon High School and received a bachelor's degree in business management administration from Korea University in 1993. After graduation of Korea University, he earned an MBA from the University of San Francisco School of Business in 1997. Career * 2020–present: Chairman, Hyundai Motor Group * 2018–2020: Executive Vice Chairman, Hyundai Motor Group * 2009–2018: Vice Chairman, Hyundai Motor Company * 2005–2009: President, Kia Motors Corporation (sister company of Hyundai Motor) * 2003–2005: Chief Operating Officer, Hyundai-Kia Corporate Planning Division * 2001–2002: Deputy Operating Officer, Hyundai Motor's Domestic Sales & Marketing Division * 2001–2002: Deputy Operating Officer, Hy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption In South Korea
Corruption in South Korea is moderate compared to most countries in the Asia-Pacific and the broader international community. Transparency International's 2021 Corruption Perceptions Index scored South Korea at 54 on a scale between 0 (very corrupt) and 100 (least corrupt). When the 180 countries in the Index are ranked by score, South Korea is the 32nd least corrupt country, following the Bahamas, Qatar and Portugal. Notable cases President Park Geun-hye was found guilty in 16 charges, including abuse of power and bribery, then she was imprisoned for 25 years. Another former president Lee Myung-bak was also charged with corruption scandals involving major companies in 2018 and he was sentenced 17 years in jail. As a result of such scandals, coupled with other incidents, such as the Sewol disaster, a 2015 report released by the Organization for Economic Cooperation and Development (OECD) showed that " lmost 70 percent of South Koreans distrust their government, while less ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slush Fund
A slush fund is a fund or account that is not properly accounted, such as money used for corrupt or illegal purposes, especially in the political sphere. Such funds may be kept hidden and maintained separately from money that is used for legitimate purposes. Slush funds may be employed by government or corporate officials in efforts to pay influential people discreetly in return for preferential treatment, advance information (such as non-public information in financial transactions), and other services. The funds themselves may not be kept secret but the source of the funds or how they were acquired or for what purposes they are used may be hidden. Use of slush funds to influence government activities may be viewed as subversive of the democratic process. In accounting, the term ''slush fund'' describes a general ledger account of commingled funds to which all manner of transactions can be posted, with debits and credits cancelling each other. Examples Richard Nixon's "Che ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Prosecutors' Office Of The Republic Of Korea
The Supreme Prosecutors' Office of the Republic of Korea (SPO) is a governmental prosecutor organization in South Korea and is run under the Ministry of Justice. As a national representative of prosecutors, the Office works with the Supreme Court of Korea and below. Organization It consists of: *Supreme Prosecutors' Office (대검찰청) *High Prosecutors' Office (고등검찰청) *District Prosecutors' Office (지방검찰청) Controversies Since the latter half of the year 2010, the ruling political party in South Korea, the Grand National Party, has an uneasy stance with the budget issues and eventually generated severe disputes relating to corruptions and it contributed to criticisms against the Supreme Prosecutors' Office. Prosecutor general In 2011, a prosecutor general candidate, Han Sang-dae (한상대) was under investigation for his two incidents of false address registration and his participation of draft-dodging. Civilian inspections The Supreme Prosecutors' Offi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Governance
Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance” describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as authoritative. The latter include: the structural definition from the Cadbury Report, which identifies corporate governance as "the system by which companies are directed and controlled" (Cadbury 1992, p. 15); and the relational-structura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marketing
Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emphasize in advertising; operation of advertising campaigns; attendance at trade shows and public events; design of products and packaging attractive to buyers; defining the terms of sale, such as price, discounts, warranty, and return policy; product placement in media or with people believed to influence the buying habits of others; agreements with retailers, wholesale distributors, or resellers; and attempts to create awareness of, loyalty to, and positive feelings about a brand. Marketing is typically done by the seller, typically a retailer or manufacturer. Sometimes tasks are contracted to a dedicated marketing firm or advertising agency. More rarely, a trade association or government agency (such as the Agricultural Marketing Servic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Mobis
Hyundai Mobis (short for ''Mobile'' and ''System'') is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation ( ko, 현대정공/現代精工) in 1977, the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world's No. 6 automotive supplier." History Headquartered in Seoul, South Korea, it was founded on June 25, 1977 as Hyundai Precision & Industries Corporation. In 2000, the company changed its name to Hyundai Mobis. The company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. In 2013, the company had revenue of US$ 33 billion. As of 2014, it was "the world's No. 6 automotive supplier" in ''Bloomberg''. In May 2016, the company ranked #297 on the Forbes Global 2000, with a market cap of US $21.3 billion. In 2015, it had revenues of $32.11 billion. Products The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Group
Hyundai Group (; ) is a South Korean conglomerate founded by Chung Ju-yung. The first company in the group was founded in 1947 as a construction company. With government assistance, Chung and his family members rapidly expanded into various industries, eventually becoming South Korea's second chaebol. Chung Ju-yung was directly in control of the company until his death in 2001. The company spun off many of its better known businesses after the 1997 Asian financial crisis and founder Chung Ju-yung's death, including Hyundai Motor Group, Hyundai Department Store Group, and Hyundai Heavy Industries Group. The Hyundai Group now focuses on elevators and tourism to Mount Kumgang. Etymology The name "Hyundai" comes from the Korean word (hanja form), which means "modernity". History * In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial company of the Hyundai Group, was established by Chung Ju-yung. Hyundai Construction began operating outside of South K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
