Ilhan New
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Ilhan New | |
|---|---|
| Born | January 15, 1895 |
| Died | March 11, 1971 (aged 76) |
| Nationality | South Korean |
| Education | University of Michigan (B.Com.) University of Southern California (MBA) Stanford University (J.D.) |
| Ilhan New | |
| Hangul | 유일한 |
|---|---|
| Hanja | 柳一韓 |
| Revised Romanization | Yu Il-han |
| McCune–Reischauer | Ryu Ilhan |
Ilhan New (유일한 柳一韓, January 15, 1895 – March 11, 1971) was a Korean independence activist and entrepreneur. He founded La Choy Food Products, Inc. and Yuhan Co, Ltd.. His original Korean name was Ilhyeong New.
Early life[]
New was born in 1895 in Pyongyang among nine brothers and sisters, and emigrated to the United States at the age of 9.[1] In America he gained a degree from the University of Michigan and founded La Choy Foods in 1922.[2][3]
Yuhan Corporation[]
New returned to Korea in 1926, where he established the Yuhan Corporation under the notion that “Only healthy people can reclaim their sovereignty.”[4] Believing that it was the duty and responsibility of a business to develop itself for the prosperity of all of society, New traded Yuhan in the stock exchange for the first time in the Korean pharmaceutical industry and started a program of employee ownership.[1] He was involved in the establishment of Mangho-Kun and participating in the NAPKO Project, the Country reclamation operation initiated by the United States Office of Strategic Services. In 1943, he authored a booklet entitled "Korea and the Pacific War" which was based on a report he prepared for the Office of Strategic Services (OSS). He also founded several schools.[1]
Death and legacy[]
When he died at the age of 77, he donated all his wealth to the public foundation named the Korean Society and Education Aid Trust Fund.[1] Jae-Ra New, Il-han New's first-born daughter, also contributed her entire fortune to a Korean public foundation named the when she died in 1991.
The Yuhan Foundation and he founded 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.
References[]
- ^ Jump up to: a b c d Kate Gillespie; H. David Hennessey (2 February 2010). Global Marketing. Cengage Learning. p. 523. ISBN 1-111-78765-4.
- ^ Anne Soon Choi (2007). Korean Americans. Infobase Publishing. p. 47. ISBN 978-1-4381-0714-1.
- ^ 황명수. "유일한(柳一韓)". Encyclopedia of Korean Culture (in Korean). Retrieved 25 September 2020.
- ^ Wayne Visser; Nick Tolhurst (1 June 2010). The World Guide to CSR: A Country-By-Country Analysis of Corporate Sustainability and Responsibility. Greenleaf Publishing. p. 377. ISBN 978-1-907643-09-5.
External links[]
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- 1895 births
- 1971 deaths
- Korean independence activists
- 20th-century South Korean businesspeople
- Korean revolutionaries
- People from Pyongyang
- Food and drink company founders
- University and college founders
- Korean company founders
- Pharmaceutical company founders
- University of Michigan alumni
- 20th-century Korean businesspeople
- South Korean people stubs