Chung Ju Yung

Born in 1915, this ninja’s dream was to be a teacher but that wasn’t possible because he was from a poor family and at a time when Korea (before division) was under Japanese rule. Luckily he was able to go to a local Confucian school run by his grandfather whenever his time was not taken up by tasks on the family farm.

At the age of sixteen, Chung and a friend decided to travel to the city of Chongjin for work in hopes of escaping the harsh realities of farm life. After a 15-mile trek through the most dangerous parts of the Paechun valley, the pair reached the town of Kowon where they took up jobs as construction workers. They worked long hours for low pay but Chung enjoyed the fact that he could independently earn money. Chung and his friend continued the work for two months until Chung’s father found their whereabouts. He ran away two more times while his father kept finding him and bringing him back home.

In 1933, at the age of 18, Chung decided to make a fourth attempt to escape. He left during the night with a friend who was trying to escape a forced marriage. Once Chung reached Seoul he jumped at any job he could find. He first worked as a laborer at Incheon Harbor, a construction worker at Boseong Professional School and as a handyman for a starch syrup factory. Finally he managed to land a job as a deliveryman at the Bokheung Rice Store in Seoul. Chung eventually won the praise of the rice store’s core customers which impressed the owner so much that he allowed Chung to manage the store’s accounting after only six months on the job.His experiences as the store accountant helped Chung to thoroughly develop his business sense.

In 1937, the owner of the rice store became ill and decided that it would be in his best interest to give the store to Chung. At 22 years of age, Chung became the store owner and changed the name of the store to Kyungil Rice Store. The store grew and made good profits until early 1939 when Japan, in its war efforts to secure rice supply to Japan and its military, imposed an oppressive rice-rationing system which forced Korean businesses out of trading rice.

He went back home then returned to Seoul in 1940, purchased a garage and in three years becoming successfull with 70 employees the Japanese forced the garage to merge with a steel mill and he returned home with his savings and in 1946 after Korean liberation from Japan he started Hyundai and Hyundai Civil Industries in anticipation of the post-war reconstruction and industrialization, he got contracts from american military in Korea to build facilities for their personel with the help of his younger brother who could speak english. He would later win government contracts to build cluding the Soyang Dam in 1967, the Gyeongbu Expressway in 1970, the world’s largest shipyard in Ulsan, the Kori Nuclear Power Plant and many others.

Hyundai has since made cars, ships, cranes among other heavy equipment, all these from a man ambaye “hajasoma”. In South Korea Hyundai group is just one example apart from LG e.t.c & this my friends is why we are called monkeys by everyone. We have failed to grow our own and we can only rely on foreigners even on basic items like spoons and vests to the biggest. Even our billionaires won’t invest in industries, the only few we have belong to foreigners and Indians. The few of us who get a chance go to foreign countries go there to “hustle” & not to invest.



There was a time when the Japanese regarded Koreans as monkeys.

I once narrated to a friend how a gikomba shirt hawker is now a multi millionaire.He said that a container filled with shirts dissappeared someday n that must hav been the beneficiary


How could he have known?

The defeatist mentality is our undoing

Negros do not have the drive and intelligent and perseverance other races do