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The founder of the Hyundai group of companies, Jong Joo Yong - one of the most powerful oligarchs in Korea, running for president in 1992, came from a poor peasant family.
At the age of 18, he went to Seoul, where he worked as a loader, laborer, courier and auto mechanic, opening in 1939. auto repair shop. After 7 years, she became the first company, called Hyundai.
After it was founded a year later by the construction firm Hyundai Civil Industries (Hyundai Construction), by the end of the 50s it was already a large family-owned company in Korean terms.
It consisted of dozens of companies producing steel, machine tools, locomotives, electronics, petrochemicals and the automotive industry, and managed by members of the Jong Chu Yong family.
In the early 60s, thanks to Hyundai Construction's contract to rebuild the bridge in Seoul, thanks to the government, En was appointed the head of Hyundai, marking the beginning of the holding’s history.