- New Il-han
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This is a Korean name; the family name is New.
New Il-han Born January 15, 1895
Pyongyang, KoreaDied March 11, 1971 (aged 76)
Seoul, South KoreaNationality South Korean Religion Baptist New Il-han Hangul 유일한 Hanja 柳一韓 Revised Romanization Yu Il-han McCune–Reischauer Ryu Ilhan New Il-han (유일한 柳一韓, January 15, 1895 – March 11, 1971), or Yu Il-han, was a Korean independent activist and enterpriser. He founded Yuhan Co, Ltd.. His original Korean name was Yu Il-hyeong.
Dr. New Il-han, first born in 1895 in Pyongyang among nine brothers and sisters, departed Korea to the United States, at the age of 9 to study abroad by will of his father who wanted to provide his son an opportunity to become a more successful person.
While spending his school life in the United States from an early age, had learned about capitalism.
Realizing the difficult situation of his colonized homeland, Dr. New Il-han returned to Korea and established the Yuhan Corporation in 1926 to provide Korean people with opportunities for education and jobs and to solve public health problems.
At this period, Dr. New Il-han devoted his life to the independence of Korea by playing a major leading role in the establishment of Mangho-Kun and participating in the NAPKO Project, the Country reclamation operation initiated by Office of Strategic Services of the United States.
He believed that it was the duty and responsibility of business to develop itself for the prosperity of all of society. He paved the way to practice the social responsibility of business by trading Yuhan in the stock exchange for the first time in the Korean pharmaceutical industry and by starting employee ownership.
When he died at the age of 77, he contributed all his wealth to the public foundation named the Korean Society and Education Aid Trust Fund. Jae-Ra New, Il-han New’s first born daughter, also contributed her entire fortune to a Korean public foundation named the Yuhan Foundation when she died in 1991.
The Yuhan Foundation and Yuhan School, trace of Il-han New, the largest shareholder of Yuhan Corporation, are active in a variety of public welfare activities, scholarship programs and education for students. These activities are supported by the Yuhan Corporation’s high dividend policy.
Dr. Il-han New founded the Yuhan Corporation in 1926 under the patriotic notion that “Only healthy people can reclaim their sovereignty.”
Dr. New was an entrepreneur, independence activist, pioneering educator, and one of Korea’s first philanthropists. He was devoted to his country, and believed that contribution to social welfare was the responsibility of all businesses, private and corporate.
External links
Categories:- 1895 births
- 1971 deaths
- Korean independence activists
- South Korean businesspeople
- Korean revolutionaries
- Korean people stubs
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