Word: yung
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Dates: during 2000-2009
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...company, Formosa Plastics, one of Taiwan's biggest firms. In 1995, Taiwan newspapers reported that Wong was cheating on his wife with a university student; Wong's stepmother shoveled them much of the dirt. It turned out she wanted her own children to run the company. Her husband, Wang Yung-ching, who has three wives of his own, backed wife No. 3 and forced his son to leave Taiwan for embarrassing the clan. Wong (who spells his name differently than his father), son of wife No. 2, lost his corporate inheritance, moved to the U.S. for several years and, according...
...young, lucky and ruthless in the '70s. With the right contacts, like Colombian drug boss Pablo Escobar, a New England hippie could make maybe $100 million importing cocaine into the U.S. and help it become the favorite cocktail of movie stars, pro athletes and investment bankers. That is George Yung's story, as told by Bruce Porter in the book Blow and now made into a sprawling rise-and-fall melodrama by director Ted Demme (The Ref, Beautiful Girls) and writers David McKenna and Nick Cassavetes...
...Nation builder, visionary, Uber-industrialist, human bulldozer: Hyundai founder CHUNG JU YUNG wore all these hats and more. When the son of a peasant from a North Korean village died last week at the age of 85, South Korea lost one of its 20th-century giants. If Korea's leap from war-battered basket case to industrial powerhouse was miraculous, Chung was chief miracle maker. He started out selling rice as a runaway teenager, set up his own construction company, then piled into everything from supertankers to microchips. His energy and drive were Olympian, his chutzpah legendary: he once sold...
DIED. CHUNG JU YUNG, 85, industry titan who helped revive South Korea's war-torn economy with his founding of the Hyundai Group; in Seoul. Chung, whose company's cars and electronics embodied his country's "economic miracle," had seen his reputation tarnished in recent years through debt, an inability to streamline the firm in the face of the Asian financial crisis, and allegations of fraud and cronyism. Last year the Hyundai Group was splintered by two of his sons, who served as the company's co-chairmen...
...government, however, Big Sister Ping is a big-time crook and people smuggler. She may have puttered around the Yung Sun restaurant and the Tak Shun variety store, but federal investigators say she also ran a global crime network that netted her more than $40 million, made her a major competitor of China's central bank, helped her corrupt foreign government officials and changed the face of New York City. For years, law enforcement called her the Mother of All Snakeheads, a leader of the species of international gangsters who specialize in the brutal trade in humans from China...