Business leaders joined relatives to mourn the death of Cho Suck-rai, the honorary chairman of Hyosung Group, a textile giant, on Sunday. Cho died of a chronic illness Friday at the age of 89. Cho led the textile giant from 1982 until 2017, when he stepped down from the top management position due to health issues. His eldest son, Cho Hyun-joon took the baton to lead the conglomerate. On Saturday, Samsung Electronics.
Hyosung Group Honorary Chairman Cho Seok-rae s death at the age of 89 on Friday has been mourned by the heads of Korea s largest conglomerates and influential politicians of both ruling and opposition parties, as the deceased entrepreneur contributed to the Korean chemical industry s growth and economic ties with foreign countries, industry officials said Sunday.
Hyosung Group has begun procedures for the chairman’s youngest brother to take control of several of the group’s affiliates, so that the owner family can avoid any additional internal conflicts, according to industry officials, Sunday.
/PRNewswire/ HYOSUNG Chairman Hyun-Joon Cho announced his active global business expansion in 2023 with a new brand identity, "Hyosung Innovue." The new.