Hyun Jae-hyun

Hyun Jae-Hyun
Born (1949-02-12) February 12, 1949 (age 75)
CitizenshipSouth Korea
Korean name
Hangul
현재현
Hanja
玄在賢[1]
Revised RomanizationHyeon Jaehyeon
McCune–ReischauerHyŏn Chaehyŏn

Hyun Jae-Hyun (born February 12, 1949) is chairman of Tongyang Group, a South Korean conglomerate founded in 1957 as a cement manufacturer.

Career

Starting in the mid-1980s, Hyun began diversifying the Tongyang Group's business structure, and by 1989, he re-introduced Tongyang into the business community as a finance-based service provider. Today, in addition to being the second largest cement manufacturer in Korea, Tongyang offers a comprehensive range of financial services that include securities brokerage, investment banking, asset management and life insurance. He was arrested on January 14, 2014 on suspicions of fraudulent sales of corporate bonds and commercial papers.[2]

In 2014 he was jailed for 12 years for fraud.[3]

Personal life and other activities

In 1993, Hyun became the president of the Korean Baduk Association, a South Korean non-profit which aims to promote the game Go (known as baduk in Korean).[1] He lives in Seoul with his wife and four children.

References

  1. ^ a b "한국기원 새 이사장에 玄在賢씨" [Korea Baduk Association's new president is Hyun Jae-hyun]. Yonhap News Agency. 1993-02-04. Retrieved 2013-10-25.
  2. ^ "Prosecutors Arrest Tongyang Group Chairman". Korean Broadcasting System. 2014-01-14. Retrieved 2014-01-14.
  3. ^ "Tong Yang chairman jailed for 12 years - Taipei Times". 18 October 2014.