Businessman who founded the Aekyung Group
| Life | 1917 ~ 1970 |
| Era | 현대 |
| Clan | 평강 채씨 |
Chae Mong-in (February 10, 1917 - July 12, 1970) was the Korean businessman who founded the Aekyung Group, of the Pyeonggang seat. Born the son of Chae Gu-seok (1850-1920), who served as Jeju deputy magistrate and Daejeong county magistrate, he graduated from Meisei Commercial School in Osaka in 1938 and began his career at Matsushita Electric Industrial.
In 1945 he founded the trading company Daeryung Industrial, the group's origin, and in 1950 Okbang Mining, engaging in trade and tungsten mining during postwar reconstruction; in 1954 he established the shipping line Dongnam Haeun and Aekyung Oil & Fat Industrial. Aekyung built Korea's first comprehensive oil-and-fat decomposition plant (1956) and in the 1960s moved into petrochemicals, synthetic resin and paint. Products included Mihyang toilet soap (1956), Milk Soap (1964) and the Trio dishwashing detergent.
In 1961 he donated funds with other businessmen for the national boys' vocational training center and received a March First Day commendation, and in 1968 founded the Seoul Jeju Scholarship Association as its president. In 1970 he founded Samkyung Chemical (now Aekyung Petrochemical) and, while building a plant in the Ulsan petrochemical complex, died suddenly at 54. His son Chae Hyung-seok is known as vice chairman of the AK Group.
He founded Daeryung Industrial in 1945, Okbang Mining in 1950, and Dongnam Haeun and Aekyung Oil & Fat in 1954.
He built Korea's first comprehensive oil-and-fat decomposition plant (1956) and a phthalic anhydride plant (1968), contributing to the chemical industry, and launched soap and synthetic detergent products.
In 1961 he donated funds toward the national boys' vocational training center and in 1968 founded a Jeju scholarship association. The group continues today as the Aekyung (AK) Group.
The tomb was not confirmed here.
His sons are known to lead Aekyung affiliates; details of living descendants are not given.