Chung Mong-koo

Chung Mong-koo is a South Korean business magnate who is the chairman and CEO of Hyundai Motor Group. The Hyundai Motor Group consists of 42 subsidiaries and is the second largest Chaebol in South Korea. Chung succeeded his father, Chung Ju-yung, the founder of the conglomerate known as the Hyundai Group.

  • Chung Mong-koo is the chairman of Hyundai Motor, South Korea’s largest automaker.
  • His second biggest holding is in the publicly-listed auto parts company, Hyundai Mobis.
  • He is the second son of the late Chung Ju-yung who came from a peasant family and later founded the Hyundai Group, once Korea’s biggest conglomerate.
  • Chung’s only son and heir-apparent Eui-sun is vice president of Hyundai Motor; his brother Mong-Joon is also a billionaire.
  • In recent years Hyundai Motor along with subsidiary Kia has increasingly lost market share at home and abroad from stiff competition and the lack of SUVs.

Chung Mong koo Hyundai Motor Group