KHÔNG BAO GIỜ LÀ THẤT BẠI TẤT CẢ LÀ THỬ THÁCH - Chung Ju Yung

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Today Thu Hằng will introduce to you the summary
of the book "Never a Failure All Are Challenges "
Author Trung Dung translator Le Huy Khoa published by Ho Chi Minh City General Publishing House
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Trung Dung was born in 1915 and died in 2001
I think that in religion there may be things that we often
call miracles or wonders but not in politics and economics
What economists call an economic miracle is nothing more than a poor excuse
Through economic arguments or by the failure to make it a reality
Clearly we have accomplished what according to logic and textbooks was considered impossible
The result came from relentless effort
The spirit of exploring the new and human ingenuity all arise from mental strength
Belief has driven relentless efforts and that is the key to achieving miracles Zhong Du Rong
A farmer's son
My hometown is Asan village Tongyeong district Before Korea was divided into North and South
People can depart from Gane Station at 11 PM to arrive at Don River Station
His feet were never stained with road dust After departing from the station in Gan Ri
It will take about 5 hours and the train will pass through the Plains in the Source
Go to Chieng Sang Ban pass by Sang Nguon Temple then reach Ga An Bien
From Russia An Bien the ship headed north then turned back south
To the west the majestic mountain and forest landscape of Sang Hang part of the Western Bai Mountains will appear
To the east is a vast expanse of blue coastline stretching endlessly before the eyes
There is nothing more enjoyable than listening to the sound of waves and watching the sunrise over the sea here
A few minutes later the train will pass through Bình Nguyên Pechon The green
fields along the road divide the white sand and the sky into two halves
Then you will arrive at Songzon Beach It's long and wide this is my Songzon
Long ago my grandfather's three brothers fled from Hang Chong Buc province Kieu Chu district
He came to live here in the year of the horse My grandfather shot the house and fields taking my grandmother along with two of his sons
Load the goods onto the horse and head south passing through many places before finally stopping here
In this land my grandfather had seven children five of whom did not go to the South
But they settled in the Democratic People's Republic of Korea My grandfather and grandmother stopped at Songjon for 20 years
I was born in 1915 four years before the March 1st Movement broke out Under the ruling regime
The people of South Korea live in a state of poverty going from one meal to the next
My father is the eldest son in the family His siblings are five brothers and one sister
He was known as a hardworking brown-skinned farmer My grandfather was a teacher in the village
But he didn't know how to farm nor how to support his family
That is why my father had to take full responsibility for caring for his six younger siblings
I am the eldest child in a family of eight siblings six boys and two girls
Just like my father I take responsibility for taking care of my younger siblings
Sometimes I imagine the scene where farmers sow rice seedlings
today and tomorrow the entire rice field is golden and ripe
But my father always thought he would raise me to be a good farmer
And despite the scorching sunlight with the small bamboo hat on his head
You took me to the field to show me how to cultivate the land by hand for each plot of rice
Three years of elementary school were like heaven for me
I quickly memorized primary school books university texts the "Comprehensive Mirror to Aid in Government " fables seven-character poems and others
That's why I don't have anything else to learn and in reality I don't have much time to open a book
At school besides singing and calligraphy I always got high marks in other subjects
I still remember the literature class was really hard
But it formed the foundation of important intellectual life in my life
Throughout my school years my parents never once asked me about my studies
The journey with you and four others has cost the fee
At 14 I graduated from elementary school
That means it's time for me to start doing the hard work of a farmer
At that time I harbored the dream of continuing my studies to become a primary school physical education teacher
At that time it could be said that farming was a despised profession
A farmer may break his back but hardship remains as it has always been
Farming methods remain the same as in the primitive era
Just a little late rain in spring or a hailstorm in summer
A early frost in autumn means a poor harvest that year
In the years when there was a good harvest it was only enough to eat and in three years two of them were bad harvests
When there is a poor harvest every household runs out of food quickly having to eat porridge made from beans or cheap grains to get by
Poverty-stricken life working until death one cannot escape the path of eating soybean porridge in the countryside
It is the main reason I hate farming life no matter what it is like
On a sweltering July night waiting for everyone in the house to fall asleep
I left I had to go all night because I was afraid that when my father woke up in the morning to go to work in the fields he would find out
And when he finds out I've run away from home he'll definitely find me so I'll have to go really far away
I and Uncle Digon had nothing but the clothes on our backs
When we spent all our money we only got exactly four round barrels for the travel expenses
That is our deposit to go to Chongjin We don't know the distance from Tongil
How far is Ngua San but I don't know if it's because I'm hungry but I think it must be more
200 miles but that day with just one and a half buns and two bowls of soup we made it to Hunsan
Two grueling months at the construction site the road to Chongjin had to pass through Munson and Gaoguan
We just passed Munson and saw a cement factory the first cement factory we have ever seen
In life After looking around for a while went inside at that time at Gaoguan construction site
The railway line from Pyongyang to Gaoguan has just started construction and requires a lot of labor
I and Di Huan discussed it and both agreed to stay here and work then use the money for travel
Chongjin We went to what was called Hanba at the construction site Hanba at that time meant a place
Workers can live there and at the end of the month when they receive their salary the cost of food and accommodation is deducted
month the rest is paid to the worker One day not long before the Mid-Autumn Festival two months later from whe
I left home I was told that someone was looking for me while I was working I ran there and when I got there there was a guest
I saw my father standing there my eyes blurred how did father know to come here at that moment the confusio
I don't know why dad found out I was here but his arrival was even more disappointing than I expected and I'll have to go home as well
The joy of meeting my father It turned out that a colleague of mine at this construction site was on his way home
He came to my house asking for travel money and told my father that he was on days off
Brothers often gather in the village to tell stories about their hometown and family to everyone
So everyone knew each other At that time there was a train from Song Tron to Gau Huan but my father wanted to save money
So we've been traveling for two days covering 300 miles to get here You are the heir of our family no matter what
You two are also the main pillars of the family Without that pillar everyone else in the family would be left
They all collapsed No matter what happens the child must take responsibility for preserving the hometown as a member of it
The farmer is the same If the younger children left home father wouldn't go looking for them like this he said
I asked my father to let me stay in Gau Huan but he did not agree We walked another 300 miles
I went home to An Bion My father stopped at an apple orchard where they were harvesting and bought a few apples to give to my grandmother I still remember
Those apples are not any fresh delicious or beautifully shaped ones but just some apples
It's ruined on the tree and falls down without any value I left home for the second time another failure I was beaten by my father
Taking him back to his hometown he returned to the rural life and farm work of his youth but for me it was just a single time to go and take a look
The outside world is always haunted by the thought that no matter how hard you work you can't escape it
Wasting one's life by eating bean husk porridge and living in the countryside However during the time I was at home also
Try to help my father with everything After the job was relatively easy the easier it got the more I wanted to leave I went to find him
Two close friends Chau Anh Cuu and Chau Sang Lien are both one year older than me and have agreed to leave This time we plan to
To Seoul because going to Changjin would take 15 days on foot while going to Seoul takes only 4 days By April the snow starts to melt
We all pooled our money before we left each of us gathering around 30 or so All of us
Everyone wore cotton pants a cotton shirt and rubber shoes so that the family would not chase after us We left the village at night when everyone was asleep
The one who was sound asleep We traveled all night through Co Chau and Tong Tron By morning we reached the foot of Chuji Mountain All three of us stopped by
We quickly ate at a small eatery and started climbing Mount Chuji We planned to visit the relatives of Châu Sang Liền
At Ha Gwon Giang Stay for one day free of charge Descend to the lowlands where the snow is melting We stopped to rest
Go away Facing us were two people a man in his fifties dressed neatly He came over and sat down
He said he is a renowned chef in Seoul In spring a big customer at Mount Than Ban which is very busy invited
He's gone If we follow him getting a job won't be difficult Hearing this were happy Before getting up
He asked me and Châu On Khu how much money we had 2 We have 76 trons We answered At that time from Châu Hun there is a mountain
We have a boat to go If we knew were being deceived we wouldn't have taken the boat We were too naive and trusting so went
He didn't think twice about it When we got to Tan Ban we found out he didn't have a single penny in his pocket
They just took advantage of our travel expenses We walked aimlessly Suddenly a thought appeared in my mind
I told Chau On Khu "Why don't you go to the temple yourself You can stay there tonight " Chau On Khu agreed immediately and went to look for the temple
From Chanthabouly to Sounthone you have to pass through Tounmouk village Kim Nong district where my grandfather's younger brother is living
We probably traveled about 200 miles that day We were about 10 miles away from Tu Moc commune
We unexpectedly encountered a difficulty that we had not foreseen which was having to take a boat to cross the river in order to continue
I and Uncle On Khu looked at each other unsure where to get money for the boat ride now
The boat had just touched the shore when the ferryman stopped rowing climbed out and extended his rough hand towards us I made a shameful face and lowered my head
Sorry sir we don't have any money How can these little guys afford a boat ride
His shout was followed by a handshake my eyes blazing
I jumped up onto the shore Uncle On Khu also went out but then he jumped after me
A cheap tea stall is also good ha
Although each of us had a hand injury were happy because we finally crossed the river
The young man lives in Tu Moc village and my grandfather although my father's brother we only meet once every few years because of the great distance
That's why my nephew Dic Tôn's visit made the whole family very happy
They cooked red bean porridge to treat me like a king
We had no idea until that evening when the young man and my aunt called me into the room
They told me my father came here to look for me and just left yesterday morning
He told me that if I ever came here I had to take me home no matter what the reason
When I arrived at my father's house he didn't scold me at all but welcomed me back joyfully
It was harvest time and I became a farmer again feeling guilty for having hurt my father
That year I worked harder than any other year
However the thought that one day I would have to leave this village never changed so I stole 70 gold pieces from selling cows and went to a accounting school
Some time later with the help of heaven my family sold the cow we had raised for nearly 40 hu which was kept in the wooden room
In the countryside people raise chickens for eggs to sell and use the money to pay for their children's tuition and family expenses raise pigs for future wedding expenses and keep cows to sell and save money to buy farmland
A few days later when the whole family was asleep I secretly took the 70 hoon and ran to the riverbank to catch the night train to Seoul
This was the third time I had run away from home and the second time that year and all I carried with me was a pair of cotton pants a cotton shirt and 70 huy
I thought the Pyongyang accounting school's instruction sheet was unnecessary so I left it at home but that was my mistake
Two months passed as I had become accustomed to the life of a student and my studies had fallen into a routine when one day my father suddenly appeared
The despair in me was stronger than ever and that was it
Honestly at that time I was angry and tired of my father why did he keep bothering me so persistently
How did you get here
So my father saw the Pyongyang Accounting School's notice left at home and went there to look for me but didn't find me
He came when heard they told him about this school
This time even if I die I won't go back I said firmly
My father didn't say a word stood still for a while and then started to persuade
Fifty years old but I haven't seen anyone from the countryside who succeeded in Suwon
Some people sell their land and move to Seoul because of small profits and end up as beggars
Some come here to study but end up dying in a foreign land
The child left home for Shouyun and also ended up in ruin just like others
Come with me home
My father said while crying
Actually this time father wants to take you home and marry you off
Our family has built a new house for In Dong to live in separately If you
work hard and manage your business well you will be able to buy more farmland
They built a new house and then sent San Dong away
Father had planned to do the same for all six of you children
Now that father is old as a son you must help him
If you abandon him our family will become a bunch of beggars
My head is throbbing and my whole family has become beggars because of my foolishness
Immediately the image of the small children holding books and begging for food appeared before my eyes
My father cried a lot sorrow filled my heart
I let out a cry and fell to the ground weeping
My father won
From that day on I became the farmer again to help my father carry out the plans for the younger children
I worked harder than ever before
I no longer have any other thoughts but to give my all so as not to disappoint my father
I have become a completely different person
I devoted myself completely to farming but the year I worked from morning till night yielded no results
Another year of poor harvest how many more years of poor harvest will there be
Is there no other path but to farm
The flame that was in me once again rose from the ashes of a warm burning game
A year of famine is a year when every couple quarrels
My father is very kind
Yet it's strange whenever there's a bad harvest my parents would quarrel
The reason is nothing unusual
There's not enough money not enough to eat If I were to
farm I would spend my whole life arguing
with my wife That's not possible
Oh the long dreary winter with porridge of soybeans rice of soybeans
potatoes and all kinds of roots and bark
Spring comes and I once again think about leaving
I still remember the story about the green frog that I learned in elementary school
There was a green frog that wanted to jump onto a wobbly branch
But because the branch was too high it couldn't reach and failed
But the green frog was not discouraged It
continued to jump 10 times 20 times 30 times
And finally it was successful
The frog was also successful
After all I'm a human
One late night we took the train to Seoul
Starting another anxious period about food and shelter
That evening at the harbor trying to earn a living
I do whatever work comes my way
Any job as long as there's money in it
From loading and unloading cargo to cleaning up
From light work to heavy labor
A month of hard work that only earned enough for three meals
If it rains it's as if you earn nothing
I thought it might better to work in Seoul so I decided to walk from Incheon to Seoul
Sometimes when I have free time I walk around the streets to see if there's a better job
And I was lucky to become a rice distributor for the Phuc Huong Rice Shop
The salary was three meals a day and half a sack of rice
I realized then that I had found a stable job
Inheriting the rice shop was possible only through one thing reputation
After working for four years in the rice trade association everyone in the
rice trading industry acknowledges me as a sincere and diligent young man
One day I was asked to take over the rice shop from the shop owner
What I never thought of the boss no longer wants to continue the business
Because his son wasteful and extravagant the family's wealth kept diminishing
He wants to return to Mang Chau and leave the rice shop to me
On July 7 1937 two years after I took over the rice store
The event spread widely in a comprehensive manner
The Governor's Office declared a state of war
First the Governor's Office took control of and distributed all the supplies
They are considered essential for military supplies such as nails iron plates and sheets etc
Next control the factories and iron sheets
By December 1939 a rice distribution system was established
and all rice stores across the country had to close
That place was very big but I gained
something more precious which is trust
If you put your whole heart and mind into it and give your best effort any task can be successful
I have tested this lesson in real life
I was given a large sum of money about 15 times the
monthly salary of a university graduate working in a bank
And returned home after 7 years away
The child was considered disrespectful for stealing money from selling the cow
The son of the parents who once left the village now returns in glory
I gave the money to my father to buy an additional 660 square meters of land
And I used the money as capital and then got married
Next year I went back to Seoul
The land where a man can hang his fate to struggle
While wandering I was thinking about what to do with the small capital
I happened to meet a regular customer when I was running the rice shop
His name is Lee Un Hak He
comes from a factory worker
That is Mr Sung the largest auto repair shop in Seoul
He told me that Andusvert Auto Repair Shop is planning
to sell That's how I lost money
to a man named Oh Joon Kun
And had enough money to take over the Andusvert car repair factory
in January 1950 the beginning of the Hyundai construction company
After the temple was destroyed by fire I applied for a
construction permit to rebuild the temple in A Huyen village
However the conditions were too strict so
I decided not to build in A Huyen anymore
But we brought 50 workers to the empty lot behind Sinchon ward
There we built a small factory
It was actually just a tent and then got repaired without a permit
I had to put in a lot of effort to get the nearby police station to let me work
But they didn't make it past the Dongdaemun police checkpoint
Every day I receive a warning letter from them
If the factory is not dismantled I will be arrested
After a long time of persistent pleading with the head of the security department
The issue was resolved after the police station in Dongdaemun was informed and the circumstances were explained
The more work I have the more I end up working day and night
If the machine needs repair for up to 10 days I can fix it in 4 days
instead I request a higher repair fee
People who own cars often see it as their own legs
What they care about is whether the car will be fixed quickly not the amount of money
That's why all the broken cars in Seoul ended up at Sinsol Ward
I expanded my space found more customers and besides repairing cars I also earned money
I almost always work just like the other workers
I have done everything from dismantling the machine repairing the car changing the oil and reassembling the engine without hesitation
From that I understood and grasped completely the principles of
all types of machines as well as the structure of vehicle machinery
Sometimes people think someone is lucky when they succeed in their
work but when they themselves don't succeed they think they are unlucky
But I think that a person who doesn't believe in bad luck will not have bad luck
Of course there are also things that happen as if by fate
If there are times of smooth sailing there are certainly also times of hardship and toil
Just as darkness is the opposite of light there are times of
sunshine and times of rain days of good fortune and days of misfortune
I think everything is balanced luck and misfortune come to people equally
So I immediately put up another Hyundai construction company
sign at my Hyundai automobile industrial company building
It was May 25 1947
Whenever I start working on anything I still follow my own principle
They are confident that 90% of the work will succeed and 10% confident that they will definitely be able to do it
Also there is no part of anxiety that the work will not succeed
In January 1950 I joined the Hyundai Construction and Hyundai Motor companies
However half a year later the events of June 25th occurred
Went through the chaos of June 25th with his younger brother
I think that even if you work on construction sites
But it was just enough to get by so he applied to work as an interpreter for the American Fairness Team
He did well so he was quickly promoted to interpreter for the China-Italy Mark Arthur
Everything is going smoothly
On Qingming Festival I returned to Seoul with the US military to
begin construction and repair projects for the headquarters camp
By renovating and repainting we also carried out
the construction of a temporary barracks repair
This is the 8029 weapons production unit of this division
At that time Hyundai Construction became the only company
The 8th Division is responsible for nearly all of the construction projects
In December 1952 a month before President Ensign Howe took office
The person who promised to end the Korean War during the presidential campaign visited South Korea
In June 1953 a temporary armistice agreement was signed and American forces began to withdraw to Japan
Nevertheless that April I still took on another contract and began the restoration project of the Co Yrong Bridge
For a period of 24 months with an amount of 54 780 000 HKD
The Co Yrong bridge connects to Te Gu and Co Trang and in order to suppress the rebel
guerrillas in the Chile mountains the bridge restoration was carried out urgently
It was the largest project the government had undertaken up to that point
Construction had already begun a year ago but we had not yet erected a single bridge pier
During that time material prices fluctuated significantly
The initial estimated oil price was around 700 HKD
A year later it increased to 2 300 HKD
All other materials increased by up to 120 times
The wages of workers are also increasing every day
In addition the accounting for our currency printing plant project resulted in a loss of 70 million HKD
How much money we earned from American projects
almost fully compensated for the printing press factory
The company's financial situation has hit rock bottom
The workers went on strike demanding their wages
The project keeps getting delayed
For me reputation is the asset of a businessman
That is why even if there are losses promises must be kept
I must complete it
Every day I run everywhere to get a four-shoulder job but there's no result
The employee salary can't be paid
The office is always damp
Because the creditors are coming to collect
My brother Sê Dông's tuition
Studying abroad in the US was not an option
May 1955
The bridge project which was the worst nightmare of
my life ended two months late in the worst condition
We lost a loss of 65 million HG
While the contract amount was only 54 million 780 thousand HG
Now I realize how important the
equipment is in the construction day
The government also knows that our company has incurred a loss because of this project
This difficulty will surely turn misfortune into good fortune
But it took me 20 years to pay off the debt from the lonely bridge
The long years of the critical period were spent on repaying debts
Turning misfortune into good fortune but the equipment is an issue
Hyundai Engineering Company gained attention in September 1957 That was
when we received the project to build a bridge crossing the Han River
After the bridge restoration project
We have received more attention because it is the largest project so far
The success or failure of life lies in action and time
People always want to be lazily moderate in some way
I want to have some fun
And I want to be comfortable to some extent
However nothing is more wasteful than letting time pass without doing anything
The challenge in the ruthless competitive environment of the foreign construction market
Following the shock of the Coeong project on the Naktong River
The company stood on the brink of a deep abyss after the event on April 19
With the establishment of the new government we are once again in
trouble because of assets deemed illegal in relation to politics
I think that if we do not step into the world market the day
of building South Korea will eventually face many difficulties
It was in the early 1960s that Hyundai entered the foreign market
I always thought I had to work at a high intensity and be willing to take risks
Core columns to expand the
business is a technical
revolution and to achieve that I take no risks
Risk brings strength to a large organization
This has become the driving force behind Hyundai's transformation
In September 1965 were contracted to build the Patani highway
Nara is located in Thailand
This event marked a turning point in the history of South Korea's construction
Afterwards we continued to build bridges in mountainous areas
In the -40 degree environment of Alaska in Japan
Military facilities and housing on Wum Island
The underground hydropower station project in Papua New Guinea
The Cam Ranh military base of Vietnam dredging the Mekong River
In the summer of 1970 contracted to dredge the port of Australia
The multipurpose dam on the Dô Giang River was started in 1967
In fact it was replaced in 1957 but it took
another ten years before construction began
Thanks to the 10-year comprehensive water resources development plan
As estimated our project faced strong resistance
However we have confidence in our predictions and knowledge
There is a clear belief so people's hatred has
no effect at all it is absolutely impossible to retreat
We recommend a three-party meeting
After the meeting with our persistence
So the budget for building the dam on the Dô Giang River has been reduced
by 30% compared to the original and the rock dam construction has begun
There is no road so find a road
If you can't find one make a road to go
There are the Seoul-Busan Expressway and the complex tunnel construction projects
The first five-year economic development plan of South Korea ended
South Korea's cargo transportation increased sharply
And from that point on the issue of how to transport goods efficiently became extremely urgent
One day I was called into the President's mansion
This is the first time I have had a private conversation with him
Previously I had met President Park Chung-hee twice briefly
Once at the opening ceremony of the North Han River Bridge and once in Busan
President Park also remembers that Hyundai once built a highway in Thailand
Mr Chung the director
He asked "Try to calculate the minimum budget required to build the Seoul-Busan Expressway "
he said
While the agencies had estimated different amounts
the President decided to increase it by 10%
The budget increased from 40 billion to a total of 43 billion
won for us because we have experience in building highways
This number was later increased by 10 billion won
Because the road from Daejeon to Daegu was later expanded from
2 lanes to 4 lanes the cost of living and prices increased
The sudden concentration of human resources and the large amount of new
equipment has been a pressure factor on my company's financial situation
But after 1970 it became the phase of
rationalizing business operations of the Huynh Dai
Since the construction of this
highway began I haven't been able
to sleep a single night Sleep doesn't come and I can't even rest
I delivered the construction plan to the workplace to expedite the work because
shortening the construction time and having a substandard project is not acceptable
Time has passed all the content of the projects that
Huynh Dai has constructed will prove the credibility
but we have achieved so far
During that time the Tăng Trè tunnel project in Ốc Chôn
It made me feel the most embarrassed
The workers here sometimes only go home once a month
They work so hard that they forget the time
When the weather gets hot you know summer is here
and when it gets cold you know winter is here
But an accident happened
When they had dug about 20 meters into the Tăng Trè
valley the dirt road suddenly
collapsed leaving no way out
and the tunnel collapse accident caused three worker deaths
and injured one person
Since then
Mine collapses continue to happen
Because the underground water was too strong people were thrown out for dozens of meters
We doubled our wages
But still could not find enough labor
The project was started two months ago but has stalled
while the time remaining until completion is less than six months
New machinery that has been put into use continuously breaks
down therefore causing an additional shortage of machinery
We mobilized over 600
heavy industrial machines
and countless trucks but there was no progress
The dam construction project is facing difficulties
The work of building access roads in the mountain valleys is dangerous
and therefore not easy at all
We are in a critical situation
Labor Minister Lee Han Jin
comes once a week
The road chief comes once every four days
As for me I am here every day
It's truly a silent battle
Opening the entire highway depends entirely
on the Tăng Tre tunnel
President Park Chung-hee
I was in a difficult situation so I decided to abandon
the thought of profit and choose the path of
preserving the honor of the temple
First I ordered the Danjiang Cement
Factory which at that time was unable
to produce hardened cement Focus on immediate research and production
Quick-setting cement is 20 times faster than regular cement
290 days after the start of construction
On September 11 1969 the entire
highway connecting Seoul and Busa
The 428 km long road is completely open
On the commemorative plaque
the Sung Pung mountain highway
there is the following inscription
With South Korea's resources technology and manpower we have
successfully built the expressway
in the shortest time in history
Building the world's highway
The Busan shipyard is set to start construction for tomorrow
In October 1969
We cooperate with the shipbuilding company at Nawi and
Xren They acknowledge the
feasibility of the cooperation
but it also requires a 50-50 cooperation condition
According to this Nawi will provide the technology
while Xren's Menado company
It will be responsible
for selling 30 oil
tankers of 30 million tons Surely ensure
Each one will make a profit of one
million dollars but they set the condition
of having the right to purchase materials
The government advised us to accept it
They asked but I refused
Building a shipyard
that grants the right to purchase materials
for shipbuilding to a foreign company
It's really crazy Even
at one point I thought
about giving up this investment method
Finally I decided to make a change
with the determination to operate
the factory independently Building
independence through profit and loss
The long-term low cost of foreign
water I decided to seek capital
and technology from Europe Knowing that
there are many factories in the world
They are famous shipbuilders but I still
held that photo in my hand and went to
persuade the customer to buy the ship saying that if he agreed to buy the ship for me
Then I will be granted the export guarantee from you
for the advance payment and
with that money I will build
This large shipyard on this
land and building ships for you
That is probably an unimaginable
sales offer I go sell ships
Like a madman
After some time of persuasion
with my sincerity and determination
a talented young man of
e shipping magnate Onassis who
runs a huge Greek shipping company
with a history of nearly 100
years his grandfather had jus
He graduated in England
And with his strength
at the age of 40 he is
planning to expand his fleet
He managed He assigned
me two ships of 260 000
tons each Each ship
costs 30 950 000 dollars
Five years later he handed the ship over to me
He went first
1.5 billion yuan as a down payment
On March 23 1972 the groundbreaking
ceremony for the Hyundai
shipbuilding plant with a huge
investment of 80 million dollars
It was carried out President Trung
He of the North attended and it
was planned to complete in June
next year However difficulties arose
South Korea doesn't have a
single ship captain who can handle
a 260 000-ton vessel Furthermore
the maritime administration
They also claim that the ship's
movement before the engine was
started violates maritime
principles That's really annoying
A ship that has not been
handed over to the shipowner is
not yet a ship The launching of the ship took four hours
From 5 a m the empty
barrels are pushed onto the
water creating a lifting force like a balloon
and pushed the huge sword away
All the spectators
held their breath and simultaneously
They screamed as if their lungs
would burst shaking the port
All were worried unsure if the ship would float Now it has
It has become our pride
It has floated
From the start of the factory to the delivery of the ship
17 000 engineers workers and managers
who learned while working made
mistakes while correcting them and
devoted their full efforts here
That is why as we set this
ship adrift on the sea a sense
of pride and sorrow mingled
within all of us Oil dollar
Oriented towards the Middle East
The first oil crisis began
Within less than two years
oil prices had risen fivefold
The only way to resolve this
unstable situation is to head
to the Middle East to earn oil
dollars that are flowing there
Truly through creativity
daring and great efforts Hyundai
eventually became the number
one company in the country
At that time it was impossible to
overestimate the creative policies
of President Park Chung-hee who implemented a consistent policy
Trust in construction companies
the cost of initiative and
eliminate the hesitation of all
domestic economic policy theorists
The greatest project of the
20th century is
the construction
of industrial Dubai To me in
this sandy cotton-like place
There is such a big project that
it makes my heart race Also the
fact that there is only one position
left makes my heart beat faster
How can you get into
one of the remaining 10
spots among 10 companies and 10 contractors
On February 12 1976 four days
before the opening of the bid I
had a letter of guarantee in my
hand with the content of payment
Our bank guarantees to pay the sum
of 26 million 400 thousand dollars
unconditionally for the construction
of the industrial project in Dubai
The bidding time has arrived
Director John Kirkwood kept thinking
and still believed that the bid
price of 870 million dollars
It's too cheap
With the determination that if he failed
he would jump into the bay and die so he
It has increased the bid by
more than 60 million dollars
to 931 million 140 thousand dollars I understand his sincerity
So I don't hate his arrogance
but for me because I
really wanted to win this
project I was very disappointed
However when the meeting room door opened he came out of the
module with a very cheerful
expression and made a finger gesture
What is the V I asked Okay
What does okay mean Hyundai
is bidding on the more
industrial project in Dubai
Our four parts
with a price of
931 million with 140 thousand
dollars All documents are
excellent especially we feel
Because of the shortening 8 months for
the project time remaining 44
months without any conditions That
is the statement
from the Saudi side
During the disclosure of the bidding results
Thanks to the money from the Middle East
South Korea is no longer worried
about foreign debt anymore
The faces of the four managers who were troubled
by foreign exchange policy
and banks became bright
I love the workers When I have time
and opportunity I often hang out
with my worker friends and drink
alcohol with them in a friendly manner
I feel really guilty for
those who couldn't bring
rice to work and Hyundai
became the first company
Provide lunch for workers
The land of Pyongyang
and the hometown where he set foot again after 40 years
If there's something I want to say
It was when I arrived at the
airport that all my relatives came
to pick me up All the women were
wearing the same type of clothing
I found out that the government had
prepared for them like
that When we returned
to our hometown all my relatives stood
in a corner and all said in unison
Thanks to the great
general we have enough food
to eat and live happily I
have never felt such pain
were separated for 40 years
and the differences in systems
between the two nations Every
time there was a political upheaval
Just to console the poor people
or to divert the people's attention
from other issues or to hide the weaknesses of the administration
People often blame
innocent businesses and
arrest them That is
the greatest tragedy
for businesses
In 1984
at a meeting of leading economists
at Johnson School
As a businessperson when
asked what the corporation
fears the most I immediately
answered the coup
Perhaps no era has had as
many upheavals as the one we
lived through My youth was
spent under the rule of Japan
Those who went through that
period could never forget
the bitter experiences The dominance of Japan ended
On August 15 1948
The Liberal Party government
of Dr Lee Sung Man
due to the election of the president
On March 15 which caused the
incident then collapsed on
April 19 The goal of the radio station is to grow stronger
The foreign market brings wealth
to the country We earn money
on the international market and
pay a lot of taxes to the state
It is what makes wealth
That is why we have nothing to
be ashamed of regarding our growth
and instead should be proud
Because of that
Dare to give up selfishness understand the principles
and the value of them
Uplifting and always having
a spirit of learning everything
They are the elements that make up
a strong person a solid foundation
for the company and by having such
people the company will succeed
Only then can it develop Dear
friend from the bitter failures
of youth overcoming difficulties
and facing them head-on
With challenges turn the
impossible into reality
Chung Dung the founder of the media group
They cried over the war-
torn South Korea on their
weary harsh climate becoming a strong economy
It is admirable The will to advance and
belief are the keys to
achieving those feats
Whether it is a country
or a business the root
of success lies in its
key figures That country
What kind of strong spirit of
progress does he have And how does he
act The life and determination of
Chung Dung to reform the economy
It is worth learning for any
country wanting to escape poverty
and backwardness If it becomes
a slave to old ways of thinking
It will not be effective Thinking according to the book
is also a trap and the talented
person must go beyond it
They cleverly avoided the trap
Dear friend Thu Hang has
just sent you a summary
of the book "Never Is a Failure Everything Is"
Challenge Remember to visit
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