Jungnang Ward Dedicates Chongnam Park to Honor Late Founder Moon Tae-shik of AJU Group
Citizens park built on part of land donated by late founder and honorary chairman of AJU Group for resting space for; late founder decorated with the Dongbaek Medal presented by gov¡¯t
A commemorative photo from the dedication ceremony of Chongnam Park to honor late founder Moon Tae-shik of AJU Group who donated the land to build the citizens park in Jungnang Ward in Seoul. Chairman Moon Kyu-young, a son of the late founder, and Mayor Ryu Kyung-ki of Jungnang Ward, right, are seen in the photo. (Photo: AJU Group)
Late Founder and Honorary Chairman Moon Tae-shik of AJU Group donated 55,175 square meters of land for public use before his death, which has been turned into a spacious park.
It was his last wish that he make a positive contribution to the country and society.
Chongnam Park, located in Jungnang-Ward, Seoul, was officially dedicated on Nov. 15, about 11 months since work on the land started. Before he died, the late founder donated 263,797 square meters of land to Jungnang Ward in 2013. It had a market value of some 40 billion won.
The land, located in Sinnae-dong, is considered the birthplace of the business group. The group donated additional land in 2015 measuring some 9,400 square meters. It was located close to the land donated before after the late founder¡¯s death in 2013, along with 1 billion won for the cost of building a park on the donated land.
The ward office got 900 million won from the government and 300 million won from Seoul City Hall, along with the 100 million won chipped in by the ward to complete the public park and name it Chongnam, the pen name of the late founder.
Chairman Moon Kyu-young, a son of the late founder, in his speech at the dedication ceremony of the new public park, recalled the late founder and his late father always believed that running his business successfully is to pay your debts to your fatherland during his entire business career. He lived very frugal and strict life moving his house only once in his entire life.
Mayor Ryu Kyung-ki of the Jungnang Ward, said in his speech that ¡°It¡¯s one thing for many leaders of society call for dedication to the country, but it¡¯s quite another to practice them in real life. Giving such a vast land without a hint of remorse was like a light and salt to society.¡± he said.
The ward has decided to encourage the youths in the neighborhood to enjoy nature, rest, and have a healing space for the residents in the area while the land adjacent to the park will be for tracking courses for those who want to train their athletic abilities.
Aju Group also donated 7 billion won they got from the government when the land it owned was included the Pocheon-Guri Expressway and the ward set up a scholarship foundation named after the late founder of the group with the fund to annually give 450 million won in scholarship to 300 high school students in the ward.
The government presented a special medal, the Dongbaek Medal to the late founder Moon Tae-shik in 2016 in recognition of his social contribution. He also was honored as one of the 48 heroes of donating their fortunes to society in 2013 by the Forbes magazine.
AJU Group opened the Very Good (AJU) Good Dream Site at an old home of the parents of its chairman, Moon Gyu-young, in Yongdu-dong, Dongdaemun District, Seoul.
A card was given with a message of hope, which read, ¡°Many experiences today become seeds for happiness.¡± Very Good (AJU) Good Dream Site sits at the same location where chairman Moon¡¯s father Tae-shik, founder of AJU Group, was born. It¡¯s now an educational cultural center for youths in the area.
Attending the opening ceremony including a number of dignitaries such as Chairman Moon, Chief Yoo Deok-pyeul of the Dongdaemon District, Chief Kim Jeong-sok of the Seoul Dongbu Educational Assistance Office, Chairman Seo Jeong-ho of Ambassador Hotel and Chairman Lee Kang-ho of PMG, among others, totaling some 30 people.
Chairman Moon Gyu-young said his late father founded AJU Group in 1960 with the hope of benefiting the nation with better business prospects and to work for the growth of the group with a philosophy that the best opportunities come to those who persevere through many difficulties in life. He hoped youths coming to the center would find it to be a place that helps them grow their dreams and live healthy lifestyles.
AJU Group, an industrial conglomerate, is engaged in construction materials and construction engineering, financial services, auto, real estate and natural resources development, hotel, and information technology (IT) businesses.
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