Hyundai Founder Chung Ju-young Honored at 25th Anniversary Memorial Concert

Seoul, South Korea – February 25, 2026 – A memorial concert was held in Seoul on February 25th to commemorate the 25th anniversary of the death of Chung Ju-young, the founding chairman of Hyundai Group. The event drew prominent figures from the worlds of business, politics, and culture, celebrating the legacy of a pivotal figure in Korea’s industrialization.

A Celebration of Entrepreneurial Spirit

The ‘Asan Chung Ju-young 25th Anniversary Memorial Concert: A Continuing Echo,’ hosted by Hyundai Motor Group, served as both a tribute to Chairman Chung and a reflection on the entrepreneurial spirit that drove Korea’s economic growth. Attendees gathered at the Seoul Arts Center Concert Hall to honor his contributions.

High-Profile Attendance

The concert saw a significant turnout of influential individuals. Hyundai Motor Group Chairman Chung Eui-sun personally greeted key officials upon their arrival. Members of the Hyundai founding family were also present, including Asan Foundation Chairman Chung Mong-joon, HD Hyundai Chairman Chung Ki-sun, and Hyundai Card Vice Chairman Chung Tae-young. Chung Mong-joon remarked to reporters, “Thank you for coming. My father will also be grateful that you came.”

Other notable attendees included Lotte Group Chairman Shin Dong-bin, Hong Ra-hee, Honorary Director of the Leeum, Samsung Museum of Art, and National Assembly Speaker Woo Won-shik. Figures from the entertainment industry, such as actor Yoo Hae-jin, also attended.

Musical Performances and Legacy

The concert featured performances by four world-renowned pianists – Kim Seon-wook, Seonwoo Ye-kwon, Cho Seong-jin, and Lim Yun-chan – who collectively expressed Chung Ju-young’s vision and determination through their music. The title, ‘Continuing Echo,’ symbolizes the enduring impact of his leadership on Hyundai Motor Group and Korean society.

A Private Commemoration

The event was invitation-only and did not offer paid tickets, emphasizing its purpose as a tribute rather than a commercial venture. A Hyundai Motor Group official stated the concert aimed to share Chung Ju-young’s philosophy with executives, employees, and future leaders, hoping his spirit of perseverance would inspire future generations.

The Asan Foundation was established in October 2011 to commemorate the 10th anniversary of Chung Ju-young’s death. Asan is Chung Ju-yung’s art name. The foundation, currently chaired by Chung Mong-joon, focuses on promoting entrepreneurship education and has facilitated the formation of ₩2.1 trillion (approximately $1.6 billion USD) in funds as of 2024. The ASAN Foundation began welfare operations 49 years ago, acting on Chung Ju-yung’s belief in helping those most in demand.