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Sang-young Sang-young (photo) The honorary president of KCC died the night of January 30. 86 years.
The late Honorary Chairman of KCC, Sang-young Sang-young, is the youngest younger brother of the late Honorary Chairman of the Hyundai group, Chung Ju-young, who was called ‘Chairman Wang’ in his lifetime. The era of the first-generation entrepreneur who led the pan-modern family ended with the death of Hang-Ryeol’s “ young ” character, the last generation of Hang-Ryeol in the first generation of entrepreneurship. Born in 1936, he spent more than 60 years in the front line of management, a rare founder in the Korean business world. The deceased, who served as a national businessman, was the oldest businessman among national entrepreneurs.
In 1958, he founded Kumkang Thread Industrial Co., Ltd., which makes slate. The older brother, the late Honorary President Chung Ju-young, refused to support him and chose to be self-reliant. The entrepreneurial spirit of cultivating a strong company on the inside and practicing industrial preservation on the outside has continued until now, and has achieved business expansion that responds to the demands of the time through stability and change.
In 1974, he established ‘Koryo Chemical’ and entered the paint business, which is the field of organic chemistry, and in 1989, the construction business division spun off to establish Geumgang Construction (currently KCC E&C). In 2000, Kumkang Co., Ltd. and Korea Chemical Co., Ltd. merged and recently established as Kumkang Korea Chemical Co., Ltd., and in 2005, Kumkang Korea Chemical Co., Ltd. was renamed KCC Co ., Ltd. To become a global high-tech materials chemical company ranging from building materials to silicon and high-tech materials.
Honorary President Ko Sang-young was a manager who emphasized the field while keeping in line with the growth of the Korean economy in the spirit of “industrial safety”. In addition, it is evaluated that it has contributed to the localization of technology and industrial development through self-developed paints, glass and silicon, which depended on foreign countries for the location of construction and industrial materials.
Taking the lead in ensuring high-tech competitiveness, it achieved mass production of semiconductor encapsulants (EMC) for the first time in Korea in 1987, and contributed to the localization of semiconductor materials by successfully developing and marketing semiconductor adhesives. In 1996, he came up with his own water soluble automotive paint technology and took a big step in the development of paint technology.
As of 2003, the country’s first independent production of silicon raw materials (monomers), which were completely dependent on imports from abroad, became the seventh country with silicon manufacturing technology after Germany, France, the United States. , Japan, Russia and China.
The deceased, who was a manager who set an example for himself by emphasizing ownership and fair management to employees with a modest and frugal personality, emphasized the importance of talent and was willing to pay tens of billions of won in assets. private companies at Dongguk University and Ulsan University to foster talent. They contributed with their strength to obtain the necessary talents.
There are three children, including his wife Eun-joo Cho, KCC president Chung Mong-jin, KCC glass president Chung Mong-ik, and KCC E&C president Chung Mong-yeol.
KCC said: “The funeral will be carried out as quietly and simply as possible in accordance with the will of the deceased,” and said, “Please understand that we have decided not to politely refrain from condolences and harmony, and not informing the exterior of specific times such as insults and injuries ”.
/ Reporter Lee Sang-hoon [email protected]
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