Chairman Yoon Byung-kang, Founder of Il Sung Pharmaceutical, Passes Away

[Asia Economy Reporter Choi Dae-yeol] Yoon Byung-kang, Honorary Chairman of Il Sung Pharmaceutical, passed away on the 1st due to an illness. He was 92 years old.

The late Honorary Chairman Yoon began his career in pharmaceuticals in 1954. In 1961, he founded the current Il Sung Pharmaceutical. He is also regarded as a first-generation figure in the securities industry, having established Dongyang Securities, the predecessor of KDB Daewoo Securities, in 1970.

He was the first to introduce antibiotics to Korea, significantly reducing mortality rates, and is praised for playing a major role in the development of the domestic pharmaceutical industry by focusing on the development and distribution of excellent medicines aimed at corporate social responsibility and the promotion of public health.

He is survived by his wife Park Kyung-sook, sons Yoon Young-geun and Yoon Seok-geun, CEO of Il Sung Pharmaceutical, Yoon Sung-geun and Yoon Deok-geun, managing directors of Il Sung Pharmaceutical, and daughters Yoon Hyung-jin and Yoon Su-jin, totaling six siblings.

The funeral will be held as a company funeral, with the funeral hall located at Yonsei Medical Center Funeral Hall Special Room 1 in Sinchon. The memorial service will be held at 6 a.m. on the 4th, and the funeral procession is scheduled for 6:30 a.m. The burial site is the family graveyard in Buyeo-gun, Chungnam.

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