Money Today Reporter Park Miri, Reporter Lee Se-yeon, Reporter Choi Gyeong-min | 2024.03.31 16:23
Cho Seok-rae, the honorary chairman of the Hyosung Group, passed away due to illness on the 29th of last month. 89 years old.
Honorary Chairman Cho, the eldest son of the founder of the Hyosung Group, Chairman Cho Hong-je, has been involved in management since 1966 when he was 31 years old. He is an engineer who earned a bachelor’s degree in science and engineering from Waseda University, Japan, and a master’s degree from the Illinois Institute of Technology in the United States. He emphasized technology until just before he retired from management in 2017. Spandex and tire cord, which currently serving as the group’s cash cow, a product of Honorary Chairman Cho’s ‘technological obsession’. In the 1970s and 1980s, Honorable Chairman Cho commanded personal development. As a result, Hyosung currently has a market share of more than 30% in spandex and 48% in polyester tire cord in the global market. They are all number one in the world.
In recognition of his contribution to playing a vital role in the growth of the global company Hyosung, he received the Presidential Citation for Export Contribution in 1971, the Golden Tower Industrial Service Order of Merit in 1987, and the Korean Manager Award in 1994.
On the 30th, a funeral home was set up for Honorary Chairman Hyosung Cho Seok-rae at the funeral hall of Sinchon Resignation Hospital in Seodaemun-gu, Seoul. /Photo=Miri Correspondent Park
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Samsung family, the first in the business world … Pan Hyosung’s family condoles for 3 days in a row
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Honorary Chairman Cho’s funeral was held at the funeral hall of Sinchon Resignation Hospital in Seoul on the 30th. Hyosung Chairman Cho Hyun-joon, the resident, and bereaved family members, including his third son, Vice Chairman Hyosung Cho Hyun-sang, welcomed mourners from 1 pm The second son, former Vice President Hyosung Cho Hyun went -moon, who is in a legal dispute with his older brother, Chairman Cho, to the mortuary at around 2pm on the 31st, the next day, and stayed for around 5 minutes before leaving. He did not answer any questions, such as what kind of conversation he had with his brothers. Former Vice President Cho’s name was not included in the list of bereaved family members of Honorary Chairman Cho released that day.
(Seoul = News 1) Reporter Jang Soo-young = Samsung Electronics Chairman Lee Jae-yong (right) and Hong Ra-hee, former director of the Leeum Samsung Art Museum, arrive at the funeral of the late Cho Seok-rae, honorary chairman of the Hyosung Group , at the Severance Yonsei Funeral Home in Seodaemun-gu, Seoul on the afternoon of the 30th. 2024.3.30/News1 Copyright (C) News1. All rights reserved. Unauthorized reproduction, redistribution, and use of AI learning is prohibited. /Photo = (Seoul = News 1) Reporter Jang Soo-young
In the business world, except for the Pan Hyosung family, the Samsung family was the first to visit the funeral. The Chairman of Samsung Electronics, Lee Jae-yong, went to the funeral with his mother, Hong Ra-hee, the former director of the Leeum Art Museum, at around 2 pm on the 30th. Afterwards, Chairman Lee’s younger brother, Samsung C&T President Lee Seo-hyun, visited the funeral with her husband, Samsung Global Research President Kim Jae-yeol. Samsung and Hyosung have a deep relationship as their founders started a partnership in 1942. Chairman Cho and Chairman Lee are also close friends, born in 1968, the same age, and alumni of Gyeonggi Elementary School and Keio University Graduate School in Japan. Hong’s former principal was a year older at Gyeonggi Girls High School and one year older at Seoul National University College of Fine Arts to the deceased’s wife, Song Gwang-ja. On this day, Chairman Lee stayed at the funeral for 30 minutes, and President Lee and his wife stayed for an hour. In particular, former director Hong stayed behind after Chairman Lee left and comforted the bereaved family for nearly three hours.
In the Pan-Hyosung family, Honorary Chairman Cho’s two younger brothers, Korea & Company Honorary Chairman Cho Yang-rae and DSDL (formerly Dongseong Development) Chairman Cho Wook-rae, visited the funeral home for two consecutive days to pay tribute to the deceased. . Cho Hyun-beom, chairman of Korea & Company, the second son of honorary chairman Cho Yang-rae, visited the funeral two days in a row. Chairman Cho Hyun-beom said, “My uncle suffered a lot, both mentally and physically, in his last days. I hope he goes to a good place and rests comfortably.” Chairman Cho Hyun-beom decided to visit the funeral on the 1st, the third day.
[서울=뉴시스] Correspondent Choi Jin-seok = Korea Group & Company Honorary Chairman Cho Yang-rae (left) and Chairman Cho Hyun-beom leave the funeral home after paying their respects to the late Hyosung Honorary Chairman Cho Seok-rae at the Sinchon funeral hall Dismissal Hospital in Seodaemun-gu, Seoul on the 30th. 2024.03.30. myjs@newsis.com /Photo=Choi Jin-seok
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The next day, the condolences of Chung Mong-jun and his father… His son-in-law, former President Lee Myung-bak, also visited the funeral.
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Hyundai Motor Group Chairman Chung Eui-sun, Hanjin Group Chairman Cho Won-tae, and SK Supex Pursuit Council Chairman Choi Chang-also visited the funeral home on the first day and paid their respects to the deceased. Chairman Chung said, “He was a good person and he did a very good job.” Chairman Choi said, “He was a great person,” and “He had a great influence on the industry.”
Asan Foundation Chairman Chung Mong-joon, HD Hyundai Vice Chairman Jeong Ki-sun (left) and former President Lee Myung-bak (right) attend the funeral of late Hyosung Group honorary chairman Cho Seok-rae, at the Severance Yonsei Funeral Home in Seodaemun-gu, Seoul on the 31st to pay their respects. /Photo=Joint Reporting Team
Chung Mong-joon, chairman of the Asan Social Welfare Foundation, and his son Jung Ki-sun, vice chairman of HD Hyundai, visited the funeral on the 31st, the day after the condolence. Chairman Chung said, “My father (honorary chairman Chung Ju-young) was the chairman of the Korea Federation of Industries for a long time, and the honorary chairman Cho was also an elder in the business world who also served as the chairman of the Korea Federation of Industries. Korean Industries. He was always positive and a good person.” Vice Chairman Chung said, “He was a person I respected a lot.” SK Telecom Honorary Chairman Son Gil-seung also said, “He was a role model because he was well-versed in international relations and technology.”
Even the political world continued to pay tribute to the deceased. Former President Lee Myung-bak sent artificial flowers on the first day of condolences and visited the funeral in person the next day. Former President Lee is the father-in-law of Chairman Cho Hyun-beom. He said, “I know the deceased well because he was the chairman of the Federation of Korean Industries during my tenure. At that time, the global financial crisis occurred and the economy was in difficult times. Under the leadership of the chairman of the Federation of Korean Industries (the deceased), businessmen cooperated a lot.” Prime Minister Han Deok-soo said on the first day, “He contributed a lot to establishing friendly relations between Korea and the United States,” and “He was a respected businessman.”
In addition, political and business figures, including Chief of Staff Lee Kwan-seop of the Presidential Office, Sung Tae-yun, Head of Policy of the Presidential Office, Speaker of the National Assembly Kim Jin-pyo, Seoul Mayor Oh Se-hoon, North Paid Governor Jeolla Province Kim Kwan-young, GS Honorary Chairman Heo Chang-soo, and Hyundai Department Store Group Chairman Jeong Ji-sun expressed their condolences.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
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