User:Mliu92/sandbox/Chung Se-yung

Chung Se-yung (1928–2005) founded Hyundai Motor Company in 1967 with his eldest brother Chung Ju-yung. Initially, Hyundai Motors was a subsidiary of the Hyundai Group, which was founded and led by Ju-yung. Se-yung led Hyundai Motors first as its President from 1967 to 1987 and then as its Chairman from 1987 to 1996. In 1996, he voluntarily stepped aside and became the Honorary Chairman in favor of his son, Chung Mong-gyu; however, both Se-yung and Mong-gyu were forced out of Hyundai Motors in 1999 when Ju-yung named his son Chung Mong-koo as Chairman. As part of a stock swap, Se-yung subsequently was named the Chairman of another Hyundai Group company, Hyundai Development Company, until his death from pneumonia in 2005.

Chung Se-yung was noted for emphasizing the development of indigenous Korean technologies for Hyundai, including developing its own motors and transmissions, when typical competitors including Kia Motors and Daewoo Motor were reliant on foreign suppliers. In 1974, Hyundai Motors launched Korea's first domestically-manufactured car, the Hyundai Pony, earning him the nickname "Pony Chung".

Life
Chung Se-yung was born in Tongcheon, Gangwon-do, a province that was divided following the Korean War; when he was born in 1928, Korea had been annexed by Japan. He graduated from Korea University in 1953 with a bachelor's degree political science and international relations degree and continued his studies in the United States at Miami University, graduating in 1957 with a master's degree in political science.

Career
By 1965, he had ascended to a leadership role with Hyundai Engineering & Construction, where he helped the company win the contract for the Pattani-Narathiwat in Thailand, the company's first project outside of Korea. He helped launch Hyundai Motor Company as a joint venture with Ford Motor Company in December 1967; the Ford/Hyundai partnership, in which Hyundai assembled Ford products under license for the Korean market, lasted six years until 1973.