Jowon Tae, Memorial Event Commemorating the 100th Anniversary of Founder Late Jo Jung Hoon's Birth

Lee Myung-hee and Cho Hyun-ah Absent

[Asia Economy Reporter Yoo Je-hoon] Cho Won-tae, Chairman of Hanjin Group, held a memorial event at the family burial site to commemorate the 100th anniversary of the birth of the founder and his grandfather, the late Cho Jung-hoon.

According to Hanjin Group on the 5th, Chairman Cho held the memorial event at the Singal family burial site located in Hagal-dong, Yongin-si, Gyeonggi Province. About 60 group officials attended the event.

The late Chairman Cho, the group's founder, started Hanjin Trading Company in November 1945 in Incheon with a single truck, laying the foundation for today's Hanjin Group, ranked 13th in the business world. He focused on developing the logistics industry based on the principle of 'Transport to Serve the Nation (Yusong Boguk)'.

In 1969, the late Chairman Cho acquired Korean Air Corporation, a state-owned enterprise suffering chronic deficits, and established Korean Air, marking a milestone in the domestic private aviation industry. Subsequently, he founded Hanjin Shipping and Hanjin Heavy Industries, nurturing Hanjin Group into a comprehensive logistics company covering land, sea, and air.

Meanwhile, it is known that Lee Myung-hee, advisor of Jungseok Enterprises, did not attend the memorial event. Former Korean Air Vice President Cho Hyun-ah, who is involved in a management dispute with Chairman Cho, also did not appear.

This content was produced with the assistance of AI translation services.