35 Facts About Park Tae-joon

Park Tae-joon was a South Korean business tycoon and politician who briefly served as the prime minister of South Korea in 2000.

Park Tae-joon's most renowned accomplishment includes founding of POSCO and growing it into one of the world's largest and most successful steel companies during his multi-decade tenure as chairman and CEO.

Park Tae-joon founded POSTECH, the Pohang Steelers soccer team, and the POSCO TJ Park Foundation which was preceded by the Steel Scholarship Foundation.

Park Tae-joon was born on October 24,1927, in Busan.

In 1945, Park Tae-joon, who was studying mechanical engineering at Waseda University in Japan, returned to Korea after the liberation and immediately enrolled in the 6th class of the South Korean Military Academy.

In 1948, Park Tae-joon graduated from the Korea Military Academy and was then commissioned as shavetail.

Park Tae-joon was awarded the Chungmu Order of Military Merit and the Hwarang order of military merit after participating in the Korean War.

Park Tae-joon was awarded the Chungmu Order of Military Merit, the Hwarang order of military merit, the Order of Civil Merit, the Rose of Sharon Medal, the National Order of Legion of Honor, the Norway order of military merit.

Park Tae-joon was granted an honorary engineering doctorate degree from Carnegie Mellon University, The University of Sheffield, Birmingham University, and The University of Waterloo.

Park Tae-joon became the president of Posco in April 1968.

In 1980, Park Tae-joon entered the political world because of the possibility of being appointed as the first member of the Nation Preservation Legislation Council.

Park Tae-joon was elected to be the 11th member of the National Assembly under the Democratic Justice Party and he served as a director of the finance committee in the National Assembly.

Park Tae-joon laid down the president position right after the establishment of a new government of discord with Kim Young-Sam and his government.

Park Tae-joon submitted a letter of resignation in October of 5th, 1992.

Discord with Kim Young-Sam caused Park Tae-joon to resign from his position in the National Assembly.

Park Tae-joon wandered from place to place abroad because he was suspected of taking about 3.9 billion from POSCO sub-venders.

Park Tae-joon became the chairman of the Liberal Democratic Party, then supported Kim Dae Joong for the 15th presidency with Kim Jong Pil.

Park Tae-joon took office as the chairman in the government of Kim Dae Joong in 2000, but he resigned his spot because the government wrongfully accused him of property fraud.

Park Tae-joon was awarded the Bessemer Gold Medal by the Institute of Metals in 1987.

Park Tae-joon was awarded the National Order of Legion of Honor in 1990.

Chairman Park Tae-joon Taejoon has demonstrated sufficient commitment to the creation of Harvard Business School and Seoul National University.

Park Tae-joon created apartment complexes for the employees of POSCO, while paying more attention to the composition of the highest level of housing complexes, including preschool for children was established.

Park Tae-joon established Pohang University of Science and Technology in 1986.

In 2011, Park Tae-joon was inducted into the inaugural class of the American Metal Market Steel Hall of Fame for his role in turning South Korea into an industrialized nation.

Park Tae-joon was mobilized into steel manufacture service during the second world war.

Junghui Park Tae-joon, who was a company commander and an instructor of ballistics, carefully observed Park Tae-joon Taejoon's behavior because he was good at mathematics and followed his own strict rules.

Park Tae-joon had become distant from Junghui Park since his graduation.

Park Tae-joon Taejoon had always accompanied Park Tae-joon Chung Hee on every business trip.

Since Junghui Park Tae-joon had taken part in politics, many commanders who had followed him had taken part in politics, except Taejoon Park Tae-joon who turned to be a businessman.

Park Tae-joon had changed the company from deficit to surplus.

Park Tae-joon Taejoon supported him when he tried to take over Samyang Industries.

Park Tae-joon Yooah majored in Fine Art at Ewha Womans University.

Park Tae-joon Taejoon liked people and usually got along with ex-president Chun Doohwan, ex-president Roh Moo-hyun, and prime minister Kim Jong-pil.

Park Tae-joon died at the age of 84 after taking a serious turn.

Park Tae-joon outlived his parents Park Bong Gwan and Kim So Soon, and was survived by his spouse Jang Ok Ja, their children, and grandchildren.