Chung Mong-Joon Owner of a controlling stake in the company "Hyundai Business Group" Country: South Korea

1. Biography of Chung Mong-joon
2. Early Life and Education
3. College and Career
4. Political Career
5. Further Education and Achievements

Biography of Chung Mong-joon

Chung Mong-joon is a South Korean businessman, politician, and billionaire. He is the owner of a controlling stake in Hyundai Business Group, one of the largest corporations in the world. He is also the vice-president of FIFA and the president of the Korea Football Association.

Early Life and Education

Chung Mong-joon was born in 1951 in Busan, South Korea, as the sixth son of business magnate Chung Ju-yung. He attended Jangchung Elementary School and Joongang Middle School. Despite being described as impatient and careless by his teachers, Chung quickly became the class president and excelled academically. He was also a talented athlete, participating in skiing, football, basketball, horseback riding, and boxing competitions, and receiving awards for his achievements.

College and Career

In 1970, Chung Mong-joon enrolled in a management college in Seoul. Afterward, he studied at the School of Management at the Massachusetts Institute of Technology (MIT), where he earned an MBA degree in entrepreneurial management, much to his father's delight. Upon completing his studies at MIT, Chung joined Hyundai Heavy Industries as a manager and was promoted to the position of president within two years. At the time, it was the largest subsidiary of the company.

Political Career

In 1988, Chung Mong-joon entered politics, representing the Ulsan electoral district. He believed that members of his family should not only be involved in business but also in the political sphere. In 1992, his father organized the National Unification Party and ran for the presidency. Chung supported his father's campaign as the vice-chairman of the policy coordination committee and the head of the election committee for Busan and the southern part of Gyeongsang. In 1993, Chung became the president of the Korea Football Association, and since then, he has become a highly prominent figure.

Further Education and Achievements

Chung Mong-joon later pursued further education in the United States, enrolling at the Johns Hopkins University to study political science. In 1993, he obtained a Ph.D. degree in philosophy. His academic achievements and successful career in business and politics have contributed to his reputation as a highly accomplished individual.