Halla Chairman Dies at Age 86

Chung In-young , honorary chairman of Halla Engineering and Construction and the founder generation of Hyundai Group, died of illness at 2:00 p.m. on July 20 at the age of 86.

He was the younger brother of late Chung Ju-young, the founder of Hyundai Group, and the second son of the family of six sons and two daughters.

Chung was born in Asan, Songjeon-myeon, Tongcheon-gun, Gangwon Province in 1920 and studied English in Aoyama University in Japan. After that he worked as journalist in the foreign news department of Dong-A Ilbo from 1947.

As the Korean War broke out, he worked with his brother, Chung Ju-young, in Hyundai Construction, worked as the president of the company between 1961 and 1976 and developed it as the country’s top construction company.

He also founded Mando Machinery, Halla Heavy Industry and Halla Cement, but had to close them during the financial crisis in 1997.

His mortuary is set up at the Asan Medical Center in Seoul. His funeral will be at 9:00 a.m. on July 24 at Yangsu-ri, Yangpyeong-gun, Gyeonggi Province. His family members are Chung Mong-kook, 53, first son, and Mong-won, 51, second son and Chairman of Halla Construction.

Joong-Hyun Park sanjuck@donga.com