Yesterday I just did Youtube Video 0004   Chung Ju-Yung, Hyundai and the Rise of South Korea

https://www.youtube.com/watch?v=VVmTx4A62k4

Everyone knows what a Hyundai car is
Hyundai is the world's fourth largest vehicle manufacturer

Less known is Hyundai is also the world's largest ship building
and one of the largest overseas construction companies in the Middle East for the past 40 years

Every Korean knew the story of the runaway kid, born in North Korea, founder of Hyundai

He tried to runaway from home.  He failed the first time, failed the second time.  On his third attempt he stole the family cow, bought a train ticket to Seoul and never returned

60 years later, through hard work and determination, he became South Korea's richest man and he returned 1001 cows as donation to starving North Koreans

This is picture of Ulsan Shipyard, the largest in the world.

He started the dream of Ulsan Shipyard in 1970,  with
(1) no experience
(2) no capital
(3) no shipyard
he was rejected by Japanese firms.  He eventually secured funding from English banks.

He did something nobody had ever done: He would build his first ship and shipyard at the same time.
He accomplished both in 1974.
By 1980s, South Korea was #1 shipbuilding nation in the world

Chung Ju-Yung was one of the best entrepreneurs in the 20th century.

He did all these in the midst of World War Two and the Korean War.  He was bankrupt 3 times from the wars

His achievements are too numerous to name in 10 pages,  I will give 3 more pictures below

Chung built South Korea's first North South Highway, from Seoul to Busan,

He built the first Korean war for export.

He is a Nation-Building Self-made Billionaires

In 1953, right after the Korean War, South Korea was one of the poorest countries in Asia.

By 2001, when he died, South Korea had been transformed into a global industrial power.

More than anyone else, he was a good part of the Rise of South Korea