Chang Dae-hwan

Chang Dae-hwan
Chang Dae-hwan
Korean name
Hangul 장대환
Hanja 張大煥[1]
Revised Romanization Jang Daehwan
McCuneReischauer Chang Taehwan

Chang Dae-hwan (also Chang Dae-whan; born 21 March 1952) is a South Korean businessman.[2] He is best known as the president of the Maeil Business Newspaper, South Korea's main business daily.[3] He also served a brief stint as South Korea's acting prime minister in August 2002 under president Kim Dae-jung, but the National Assembly voted not to confirm him.[4]

Education and career

Chang obtained a bachelor's degree in politics at the University of Rochester in 1973. He also received a diploma for the Study of EC (European Community) in Belgium in June 1974, and went on to do an M.A. in international affairs at George Washington University.[citation needed] Afterwards, Chang received his M.A. and Ph.D. in economics and management from New York University, where he wrote his 1987 doctoral dissertation on South Korean construction firms in the Middle East.[2][5] He serves as the president of the South Korean branch of the NYU alumni association.[6]

Chang started his newspaper career as a manager of planning department at Maeil Business Newspaper on 1 January 1986. He then rose to the position of director, managing director, and executive director successively, finally becoming the president and publisher in 1988.[citation needed]

As prime minister

Chang was named as South Korea's acting PM on 9 August 2002, after the National Assembly declined to confirm his predecessor Chang Sang. The nomination was a surprise to fellow top-level civil servants in their 60s, as Chang was just 50 years old at the time, and had no experience in government.[7] If appointed, he would have been the wealthiest member of the cabinet, with 5.6 billion in family assets, according to his self-report.[8] However, during his confirmation hearings, questions came up about his personal finances in relation to the Maeil Business Newspaper. Grand National Party (GNP) member Hong Joon-pyo claimed that Chang had borrowed2.38 from Hanvit Bank (Woori Bank) using the MBN's deposits as collateral, in order to purchase stocks; he described this as a case of "embezzlement".[9] Ahn Kyung-ryul, also of the GNP, claimed that Chang and his wife amassed2.75 billion in assets from 1987 to 2000, but their total actual estimated income was1.35 billion, leaving1.4 billion unaccounted for, and further that Chang had illegally purchased 675 pyeong (2,230 m2) of agricultural land in 1987.[9][10] Chang himself also acknowledged in a press conference that he had falsely registered himself as living in Seoul's Gangnam-gu to enroll his son in a better school.[9] In the end he was rejected by a vote of 151-112.[4]

References

  1. ^ 金民培 [Kim Min-bae]; 洪錫俊 [Hong Seok-jun] (2002-08-09), "張大煥서리 임명; 50세 總理평균59세 長官들 [Chang Dae-hwan becomes acting PM; 50 years old, civil servants average age 59]", Chosun Ilbo, http://www.chosun.com/svc/content_view/content_view.html?contid=2002080970403, retrieved 2010-07-09 
  2. ^ a b "장대환", Chosun Ilbo, http://focus.chosun.com/people/peopleView.jsp?id=750, retrieved 2010-07-09 
  3. ^ Quinn, Stephen (2002), Knowledge management in the digital newsroom, Focal Press, pp173174, ISBN 9780240516776 
  4. ^ a b "Second Recent Choice for Premier Rejected", Los Angeles Times, 2002-08-29, http://articles.latimes.com/2002/aug/29/world/fg-briefs29.4, retrieved 2010-07-09 
  5. ^ Chang, Tae-hwan (1987), Performance of the Korea-based construction firms in the Middle East, Ph.D. dissertation, New York University, OCLC 26335012 ; see also Koreans in the Arab world
  6. ^ "강만수 특보 자랑스런 NYU동문상 수상 [Gang Man-su receives NYU alumni prize]", JoongAng Ilbo, 2009-12-16, http://article.joins.com/article/article.asp?ctg=12&Total_ID=3925854, retrieved 2010-07-09 
  7. ^ Kim, Min-bai (2002-08-09), "Chang Dae-hwan Named as Acting PM", Chosun Ilbo, http://english.chosun.com/site/data/html_dir/2002/08/09/2002080961002.html, retrieved 2010-07-09 
  8. ^ "PM-Designate's Private Assets Amount to W5.6 Billion", Chosun Ilbo, 2002-08-14, http://english.chosun.com/site/data/html_dir/2002/08/14/2002081461006.html, retrieved 2010-07-09 
  9. ^ a b c Cho, Hee-chun (2002-08-23), "PMs Confirmation Hearing Hits Problems", Chosun Ilbo, http://english.chosun.com/site/data/html_dir/2002/08/23/2002082361016.html, retrieved 2010-07-09 
  10. ^ Kim, Chang-kyun (2002-08-27), "Confirmation Vote Set for Wednesday", Chosun Ilbo, http://english.chosun.com/site/data/html_dir/2002/08/27/2002082761023.html, retrieved 2010-07-09 

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