SEOUL, Jan. 31 (Yonhap) – Chung Sang-young, honorary chairman of KCC chemical group and younger brother of late Hyundai group founder Chung Ju-young, died yesterday of a chronic illness at the age of 84.
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The death of Chung Sang-young marks the end of an era in South Korean business. He was the last surviving member of the first generation of the Chung family who founded the Hyundai Empire.
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Chung established in August 1958 what is now KCC (Kumgang Korea Chemical). In 1974, Chung embarked on painting activities with Koryo Paint. He started KCC Engineering and Construction in 1989.
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In 2005, the chemical company and the paint manufacturer merged to become KCC.
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Chung worked every day, even after becoming honorary president in 2000, until the end of last year.
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He leaves behind his wife and three sons, including KCC President Chung Mong-jin.
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