Dongkuk Steel Former Chairman Jang Sang-tae 20th Anniversary Memorial Ceremony Held

[Asia Economy Reporter Park So-yeon] The 20th anniversary memorial service for the late Jang Sang-tae, the 2nd chairman of Dongkuk Steel, was held on the 3rd at the family burial site in Gyeonggi Province.

Jang Sang-tae, son of the late Jang Kyung-ho, founder of Dongkuk Steel, graduated from Seoul National University with a degree in Agricultural Science and studied Economics at Michigan State University in the United States as a government-sponsored scholarship student. In 1956, at the age of 29, he joined Dongkuk Steel, which was managed by his father.

In the 1990s, Chairman Jang Sang-tae grew the Dongkuk Steel Group into a top 10 steel conglomerate in the business world, encompassing Dongkuk Steel, Yeonhap Steel (currently Dongkuk Steel Busan Plant), Korea Steel, Dongkuk Industry, and Korea Steel Industry (currently Dongkuk Steel Incheon Plant).

During his lifetime, he received the Gold Tower Order of Industrial Service Merit and the Order of Civil Merit, Mugunghwa Medal, and passed away on April 4, 2000.

At the memorial service, Jang Se-ju, chairman of Dongkuk Steel, recalled, "My father was a steelman who devoted his entire life to advancing South Korea's steel industry," and said, "I will follow my father's passion for steel and continue the spirit of management innovation."

Considering the spread of the novel coronavirus infection (COVID-19), Dongkuk Steel simplified the memorial service, limiting it to family members and relatives.

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