Hyundai Asan
Hangul:	현대아산 (주)
Revised Romanization:	Hyeondae Asan
McCune-Reischauer:	Hyŏndae Asan

Hyundai Asan is an arm of the Hyundai Group and a major investor in North Korea. The company manages a number of projects, including the Kumgang-san tourist resort and road/rail building operations. It is also involved in the Kaesong Industrial Park project. Fair Use This work is copyrighted. ... Hangul is the native alphabet used to write the Korean language, as opposed to the hanja system borrowed from China. ... The Revised Romanization of Korean is the official Korean language romanization system in South Korea. ... McCune-Reischauer romanization is one of the two most widely used Korean language romanization systems, along with the Revised Romanization of Korean, which replaced (a modified) McCune-Reischauer as the official romanization system in South Korea in 2000. ... The Hyundai Group, founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol). ... Kŭmgang-san (Diamond Mountain) is the second-tallest mountain in North Korea, with a height of 1638 metres. ... Kaesŏng Industrial Region (Kaesŏng Kongŏp Chigu) is a special administrative region of North Korea. ...

Hyundai split

The family-controlled Hyundai Group, which used to be South Korea's largest Chaebol, was split into three sub-groups after the Asian financial crisis. Chung Mong-hun was involved in a power struggle with his elder brother, Chung Mong-koo, who heads another part of the Hyundai Group, the automaker Hyundai Motor Company. The Hyundai Group, founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol). ... Chaebol are South Koreas business conglomerates. ... The Asian financial crisis was a financial crisis that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ... The Hyundai Group, founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol). ... The neutrality of this article is disputed. ...

Accusations of corruption

Hyundai Asan, a South Korean Chaebol in charge of joint ventures with North Korea, has faced accusations of being a vehicle for ilegally transferring US$100 million to North Korea from the government of former South Korean President Kim Dae-jung. (See North-South presidential summit corruption allegations for details.) The money was supposedly used to persuade North Korean leader Kim Jong-il to attend the inter-Korean summit in 2000. Hyundai Asan is building an industrial park, cross-border roads and railway lines in North Korea. The delay of the projects, due to political difficulties, put severe financial strains on the company. The head of Hyundai Asan, Chung Mong-hun, faced corruption and embezzlement charges. Chung was tried on charges of manipulating company accounting records to hide the secret transfers and embezzling more than twelve million dollars of company funds to pay bribes. National motto: 널리 인간 세계를 이롭게 하라 Translation: Broadly bring benefit to humanity Official language Korean Capital Seoul Largest city Seoul President Roh Moo-hyun Prime Minister Lee Hae-chan Area  - Total  - % water Ranked 108th 99,274 km² 0. ... Chaebol are South Koreas business conglomerates. ... National motto: 널리 인간 세계를 이롭게 하라 Translation: Broadly bring benefit to humanity Official language Korean Capital Seoul Largest city Seoul President Roh Moo-hyun Prime Minister Lee Hae-chan Area  - Total  - % water Ranked 108th 99,274 km² 0. ... Kim Dae-jung (born December 3, 1925) is a South Korean politician. ... There were widespread allegations of corruption during the North-South presidential summit between the two Koreas. ... North Korea, officially the Democratic Peoples Republic of Korea (DPRK; Korean: Chosŏn Minjujuŭi Inmin Konghwaguk; Hangul: 조선민주주의인민공화국; Hanja: 朝鮮民主主義人民共和國), is a country in eastern Asia, covering the northern half of the peninsula of Korea. ... Kim Jong-il (born February 16, 1941) is Chairman of the National Defense Commission of the Democratic Peoples Republic of Korea (North Korea), Supreme Commander of the (North) Korean Peoples Army, and General Secretary of the Korean Workers Party (which has controlled the country since 1945). ... An industrial park is an area of land set aside for industrial development. ... Chung Mong_hun (September 14, 1948 _ August 4, 2003) was the 5th son of Chung Ju-yung, the founder of the South Korean Hyundai conglomerate. ...

Suicide of Hyundai Asan chairman

The 54-year-old Hyundai Asan chief committed suicide on August 4, 2003. He leaped from the twelfth storey of Hyundai's headquarters in the center of Seoul. A janitor found his body in a shrubbery near a parking lot a few hours after his death leap. Investigators said Mr. Chung, in several suicide notes, requested that his ashes be scattered over the North Korean Kumgang-san tourist resort. He also asked to be forgiven for what he called his foolish act. He urged that joint ventures between the two Koreas continue. The Hyundai Group (pronounced: Hyun-dae, meaning modern in Korean), founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol). ... Seoul (서울, â–¶ (help· info)) is the capital of South Korea (the Republic of Korea) and is one of the most populous cities in the world, located in the northwestern part of the country on the Han River. ... North Korea, officially the Democratic Peoples Republic of Korea (DPRK; Korean: Chosŏn Minjujuŭi Inmin Konghwaguk; Hangul: 조선민주주의인민공화국; Hanja: 朝鮮民主主義人民共和國), is a country in eastern Asia, covering the northern half of the peninsula of Korea. ... Kŭmgang-san (Diamond Mountain) is the second-tallest mountain in North Korea, with a height of 1638 metres. ... Korea refers to South Korea and North Korea together, which were a unified country until 1948. ...

Recent developments

Kaesong Industrial Park is being developed in North Korea, with the planned participation of 250 South Korean companies, employing 100,000 North Koreans, by 2007. Three companies started operations in March 2005, in the park’s pilot phase. Kaesŏng Industrial Region (Kaesŏng Kongŏp Chigu) is a special administrative region of North Korea. ... ← - 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in March • 31 – Terri Schiavo • 30 – Mitch Hedberg • 29 – Johnnie Cochran • 27 – Wilfred Bigelow • 26 – Paul Hester • 26 – James Callaghan • 21 – Jeff Weise • 21 – Bobby Short • 19 – John De Lorean • 18 – Gary Bertini • 17 – George F...

See also

• South Korea
• North Korea
• Economy of North Korea
• Hyundai Group
• Chaebol
• North-South presidential summit corruption allegations
• Kumgang-san
• Kumgang-san Tourist Region
• Chung Ju-yung

A satellite photo of East Asia at night illustrates the harsh state of the North Korean economy in contrast to that of the neighboring countries in the region. ... The Hyundai Group, founded by Chung Ju-yung in 1947 as a construction company, was once South Koreas biggest conglomerate (chaebol). ... Chaebol are South Koreas business conglomerates. ... There were widespread allegations of corruption during the North-South presidential summit between the two Koreas. ... Kŭmgang-san (Diamond Mountain) is the second-tallest mountain in North Korea, with a height of 1638 metres. ... Kŭmgang-san Tourist Region (Kŭmgang-san Kwangwang Chigu) is a special administrative region of North Korea. ... Chung Ju-yung (November 25, 1915—March 21, 2001) was the founder of Hyundai Group, at one time South Koreas largest multinational conglomerate (chaebol). ...

External links

• Hyundai Asan website(in Korean)