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Hyundai Asan
Hyundai Asan is an arm of the South Korean conglomerate Hyundai Group and a major investor in North Korea. The company manages a number of projects, including the resort at the Mount Kumgang Tourist Region and road/rail building operations. It is also involved in the Kaesong Industrial Park project. Hyundai split The family-controlled Hyundai Group, which used to be South Korea's largest Chaebol, was split into three sub-groups after the Asian financial crisis. Chung Mong-hun was involved in a power struggle with his elder brother, Chung Mong-koo, who heads another part of the Hyundai Group, the automaker Hyundai Motor Company. Accusations of corruption Hyundai Asan has faced accusations of being a vehicle for illegally transferring US$100 million to North Korea from the government of former South Korean President Kim Dae-jung. The money was supposedly used to persuade North Korean leader Kim Jong-il to attend the inter-Korean summit in 2000. Hyundai Asan is building an in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Jong-il
Kim Jong-il (; ; ; born Yuri Irsenovich Kim;, 16 February 1941 – 17 December 2011) was a North Korean politician who was the second supreme leader of North Korea from 1994 to 2011. He led North Korea from the 1994 death of his father Kim Il-sung, the first Supreme Leader, until his own death in 2011, when he was succeeded by his son, Kim Jong-un. In the early 1980s, Kim had become the heir apparent for the leadership of the Democratic People's Republic of Korea (DPRK) and assumed important posts in the party and army organs. Kim succeeded his father and DPRK founder Kim Il-sung, following the elder Kim's death in 1994. Kim was the General Secretary of the Workers' Party of Korea (WPK), WPK Presidium, Chairman of the National Defence Commission (NDC) of North Korea and the Supreme Commander of the Korean People's Army (KPA), the fourth-largest standing army in the world. Kim ruled North Korea as a repressive and totalitarian dictatorship. Kim assumed leadership ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Service Companies Of South Korea
Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a punishment that may be imposed by a court * Fan service, a Japanese term referring to something which is specifically designed to entertain fans * Military service, serving in a country's armed forces * Feudal service, see Feudal land tenure in England * Public service, services carried out with the aim of providing a public good * Selfless service, a service which is performed without any expectation of result or award. Arts, entertainment, and media * ''Service'' (album), a 1983 album by Yellow Magic Orchestra * ''Service'' (film), a 2008 film * ''Service'' (play), a 1932 play by British writer Dodie Smith * Service (record label), a Swedish record label * "Service" (''The Walking Dead''), a 2016 television episode of ''The Walking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chung Ju-yung
Chung Ju-yung or Jung Joo-young (; November 25, 1915 – March 21, 2001), was a South Korean entrepreneur, businessman and the founder of Hyundai Groups, one of the largest chaebols in South Korea. Raised as the eldest son of a poor Korean farmer, he became the richest man in South Korea. Chung was an integral part to the rapid development of Korea's economy, growing Hyundai Heavy Industries to be the largest ship builder in the world, as well as growing Hyundai Motor Group into the largest automobile manufacturer in Korea, and the third largest in the world. Chung was also a vital contributor to the development of South Korea's infrastructure after the Korean War's destruction of infrastructure, such as constructing the Gyeongbu Expressway in 1970, connecting the capital, Seoul, to the port city of Busan, in alliance with the President Park Chung Hee. Chung's business ventures steered through the tumultuous times of Japanese colonial rule in Korea as well as the post- Kore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North-South Presidential Summit Corruption Allegations
Cash-for-summit () is the name of a political scandal that broke in South Korea in February 2003 and revolved around the secret payment by the Kim Dae-jung administration to North Korea of 500,000,000 dollars to secure the landmark June 2000 NorthSouth summit between the two Koreas. The payment, worth 500,000,000 dollars, was criticized by right wing groups of South Korea in particular. Some of them claimed that Kim Dae-jung had "bought" his 2000 Nobel Peace Prize that he received following the diplomatically successful summit. According to scholar Andrei Lankov, these accusations have a "kernel of truth", since Kim was known for never missing an opportunity to promote his lifelong political career. Hyundai claimed the money was a payment for exclusive business rights in electric power facilities, communication lines, an industrial park, cross-border roads and railway lines in North Korea. It transferred $500 million to the North just months before the summit, triggering critic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of North Korea
The economy of North Korea is a centrally planned economy, following '' Juche'', where the role of market allocation schemes is limited, although increasing. , North Korea continues its basic adherence to a centralized command economy. With a total gross domestic product of $28.500 billion as of 2016, there has been some economic liberalization, particularly after Kim Jong-un assumed the leadership in 2012, but reports conflict over particular legislation and enactment. Since the 1990s, informal market activity has increased, which the authoritarian regime has tolerated. These markets are referred to as 'Jangmadang' and were formed as a result of the economic collapse during the 1990s, which made the regime unable to distribute food to its people. The collapse of the Eastern Bloc from 1989 to 1992, particularly North Korea's principal source of support, the Soviet Union, forced the North Korean economy to realign its foreign economic relations, including increased economic exc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Korea
The division of Korea began with the defeat of Japan in World War II. During the war, the Allied leaders considered the question of Korea's future after Japan's surrender in the war. The leaders reached an understanding that Korea would be liberated from Japan but would be placed under an international trusteeship until the Koreans would be deemed ready for self-rule. In the last days of the war, the U.S. proposed dividing the Korean peninsula into two occupation zones (a U.S. and Soviet one) with the 38th parallel as the dividing line. The Soviets accepted their proposal and agreed to divide Korea. It was understood that this division was only a temporary arrangement until the trusteeship could be implemented. In December 1945, the Moscow Conference of Foreign Ministers resulted in an agreement on a five-year four-power Korean trusteeship. However, with the onset of the Cold War and other factors both international and domestic, including Korean opposition to the trusteesh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chung Mong-hun
Chung Mong-hun (September 14, 1948 – August 4, 2003) was the 5th son of Chung Ju-yung, the founder of the South Korean Hyundai conglomerate. After the death of his father, he took over part of his father's role and became the chairman of Hyundai Asan, the company in charge of various business ventures between North and South Korea. He committed suicide in 2003. Professional career Chung Mong-hun joined Hyundai Heavy Industries in 1975, becoming president of the company's shipping interests by 1981. His father, Hyundai Group founder Chung Ju-yung, was impressed by his management style and put him in charge of the company's electronics division in 1982. In 1997, Chung Ju-yung appointed Mong-hun as the group's co-chairman. In 2000, after Ju-yung's eldest son, Mong-koo, attempted to oust Mong-hun, Ju-yung made Mong-hun the group's sole chairman. Later that year, Ju-yung announced that he and his sons would resign from all management positions at Hyundai companies, except Mong- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Park
An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more "heavyweight" version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours. Benefits Industrial parks are usually located on the edges of, or outside, the main residential area of a city, and are normally provided with good transportation access, including road and rail. One such example is the large number of industrial estates located along the River Thames in the Thames Gateway area of London. Industrial parks are usually located close to transport facilities, especially where more than one transport modes coincide, including highways, railroads, airports and ports. Another ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kim Dae-jung
Kim Dae-jung (; ; 6 January 192418 August 2009), was a South Korean politician and activist who served as the eighth president of South Korea from 1998 to 2003. He was a 2000 Nobel Peace Prize recipient for his work for democracy and human rights in South Korea and in East Asia in general, and for peace and reconciliation with North Korea and Japan. He is also the only Korean to have won the Nobel Prize to date. He was sometimes referred to as "the Nelson Mandela of Asia". Kim was the first opposition candidate to win the presidency. Early life Kim Dae-Jung was born on 6 January 1924, but he later edited his birth date to 3 December 1925 to avoid conscription under Japanese colonial rule. Kim was the second of seven children. His father, Kim Un-sik, was a farmer. Kim was a 12th generation descendant of Kim Ik-soo (김익수;金益壽) who served as Second Minister of the Board of War (병조참판;兵曹參判) and the civil minister (문신;文臣) who involved at the con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple List of legal entity types by country, business entities operating in entirely different industries under one corporate group, usually involving a Holding company, parent company and many Subsidiary, subsidiaries. Conglomerates are often large and Multinational corporation, multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of Economic bubble, speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyundai Motor Company
Hyundai Motor Company, often abbreviated to Hyundai Motors ( ) and commonly known as Hyundai (, ; ), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and also fully owns two marques including its luxury cars subsidiary, Genesis Motor, and an electric vehicle sub-brand, Ioniq. Those three brands altogether comprise the Hyundai Motor Group. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms. History Chung Ju-Yung (1915–2001) founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, and the company's first model, the Cortina, was re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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