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Chung Mong-joon – Billionaire

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Chung Mong-joon or Chung Mong Joon, (Korean: 정몽준, born October 17, 1951) is a South Korean businessman and politician. He is the sixth son of Chung Ju-yung, founder of Hyundai, the second-largest South Korean chaebol before its breakup in 2003. He remains the controlling shareholder of a Hyundai offshoot, Hyundai Heavy Industries Group, parent of the world’s largest shipbuilding company. He is also the chairman of the board of the University of Ulsan and Ulsan College in Ulsan, South Korea. He is the founder and the honorary chairman of The Asan Institute for Policy Studies. He was Honorary Vice-President of FIFA and president of the South Korean football association.

Political career and personal life

Chung became a politician when he was elected as an assembly man in 1988 and served consecutive 7 terms in two different electoral districts. Initially he was elected in Dong District, Ulsan where predominant share of its population consisted of Hyundai Heavy Industries Group’s employees, its affiliated companies’ employees, and their families. Most of other population in Dong District run businesses related with serving those workers and their families. Chung served as a representative of this particular district for 20 years. He joined Grand National Party in 2007 shortly before 2007 South Korean presidential election, declaring his support to that party’s presidential candidate Lee Myung-bak. As a member of Grand National Party, he switched his electoral district to Dongjak District, Seoul, and represented there as an assembly man for 2 terms until 2014 when he had to give up that seat to run for mayor of Seoul, but the election was lost to Park Won-soon leaving no political titles for Chung after. Grand National Party changed its name to Saenuri Party in 2012. Chung had announced his candidacy for FIFA president. However he has been banned from all football activities for six years by FIFA Ethics Committee in October 2015.

Summary

Chung Mong-joon
정몽준
Chung in January 2008
Chairman of the Grand National Party
In office
7 September 2009 – 3 June 2010
Preceded by Park Hee-tae
Succeeded by Ahn Sang-soo
Member of the National Assembly
In office
30 May 2008 – 15 May 2014
Preceded by Lee Kye-ahn
Succeeded by Na Kyung-won
Constituency Dongjak 2nd (Seoul)
In office
30 May 1988 – 29 May 2008
Preceded by New constituency
Succeeded by Ahn Hyo-dae
Constituency Dong (Ulsan)
Personal details
Born 17 October 1951 (age 65)
Beomil-dong, Dong-gu, Pusan, Gyeongnam, South Korea
Nationality  Republic of Korea
Political party Saenuri (until 2016)
Independent (since 2016)
Spouse(s) Kim Young-Myeong
Alma mater Seoul National University (B.A.)
MIT Sloan School of Management (M.B.A.)
Johns Hopkins UniversitySchool of Advanced International Studies (Ph.D.)
Occupation Politician; Business Magnate; Vice President of FIFA
Religion Presbyterianism formerly Buddhism

Source:wikipedia

 

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