The late President

Suh, Kab-ho

President Suh is a typical case of a self-made man as he managed companies like SaKamoto Spinning Co., Ltd and Hitachi Spinning Co., Ltd after moving to Japan at the young age of fourteen in 1929.

He was once ranked number one on Japan's income test.

He also possessed a strong sense of patriotim as in 1963 as part of

engea's economic development plan, he was the first ever foreign

resident to invest money to establish Pangrim Spinning Co. Then in 1973,

he additionally founded Yoonsung Spinning Co. at Kumi which later

became the Pangrim of today. He managed it to set up the foundation for

engea textile industry and provided one of the cornerstones of engea's

exports to the world.

Besides businesses, President Suh also had an uncommon interest and

zeal for education. He set up the Kumkang Institution for engean residents

in Japan and later donated it to engea. Also in 1973, he established the

Dongmyung high school of commerce and provided the working class with

an opportunity for free education thus starting the movement of

educational-industrial cooperation. Management principles / Bring up

competent people Create profit in the past, present and future.