Chung Mong-hun

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Chung Mong-hun
Native name 정몽헌
Born (1948-09-14)September 14, 1948
Died August 4, 2003(2003-08-04) (aged 54)
Hyundai office, Seoul
Cause of death Suicide by jumping
Nationality South Korea
Occupation
  • Entrepreneur
  • businessman
Parent(s)
Korean name
Hangul
Hanja
Revised Romanization Jeong Mong-heon
McCune–Reischauer Chŏng Monghŏn

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[edit]

In 1997, his father Chung Ju-yung, founder of Hyundai Group, 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-hun would remain the chair of Hyundai Asan. However, Mong-koo remained the chairman of Hyundai Motors and Kia Motors.[1]

Scandal and suicide[edit]

In June 2003, Chung was for his role in the "cash-for-summit scandal", on charges of doctoring company books to hide the secret money transfers of millions of dollars by the Kim Dae-jung administration to North Korea to set up the 2000 inter-Korean summit. Facing up to three years in prison after he was forced to testify in court about the money transfer days earlier, he committed suicide on August 4, 2003 by leaping from his 12th floor office.[2]

See also[edit]

References[edit]

  1. ^ Nakarmi, Laxmi (June 16, 2000). "Of Father and Sons". Asiaweek. 29 (23).
  2. ^ Brooke, James (August 4, 2003). "Indicted Hyundai Executive Plunges to Death in Seoul". The New York Times. Retrieved August 6, 2009.