KOREA WHO

Chung Mong-yoon is the Chairman of Hyundai Marine & Fire Insurance.

Under the new accounting system (IFRS17), he is working to secure profitability and ensure dividendable profits for shareholder returns.

He was born on March 18, 1955, in Seoul, as the seventh son among eight sons and three daughters of Chung Ju-yung, the founder of the Hyundai Group.

He graduated from Seoul Joongang High School, earned a bachelor's degree in business administration from San Francisco State University, and received a master's degree in business administration from the same university's graduate school.

Chung began his career at Hyundai Corporation and later moved to Hyundai Marine & Fire Insurance, where he rose through the ranks from vice president to president, eventually becoming chairman.

After Hyundai Marine & Fire Insurance was separated from the Hyundai Group, he successfully developed the company into a quasi-large corporate group with assets exceeding KRW 5 trillion (US$ 3.6 billion).

His focus on ESG (Environmental, Social, and Governance) management and securing future growth is evident as he personally supported the non-profit corporation Root Impact, established during his son Chung Kyung-sun’s tenure as the head of Silban Group.


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