Chang Dae-hwan

Chang Dae-hwan
Korean name
Hangul	장대환
Hanja	張大煥[1]
Revised Romanization	Jang Daehwan
McCune–Reischauer	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 borrowed ₩2.38 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 amassed ₩2.75 billion in assets from 1987 to 2000, but their total actual estimated income was ₩1.35 billion, leaving ₩1.4 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, pp. 173–174, 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 

Persondata
Name	Chang, Dae-Hwan
Alternative names
Short description
Date of birth	March 21, 1952
Place of birth
Date of death
Place of death