Tongyang Canal
Tongyang or Tong Yang may refer to: * Tongyang Group, South Korean conglomerate * Tongyang Confectionery, former name of Orion Confectionery, South Korean company formerly owned by the Tongyang Group * Tongyang Daegu Orions, former name of Goyang Orions, South Korean basketball team formerly owned by the Tongyang Group * Tongyang Broadcasting Company, South Korean television station owned by Samsung founder Lee Byung-chul * Tongyang Cup, international Go competition * Tong Yang Moolsan, South Korean tractor manufacturer * Tongyang, Hubei (:zh:通羊镇, 通羊镇), town in and the seat of Tongshan County, Hubei, China * Tongyang, Jiangsu (潼阳镇), town in Shuyang County, Jiangsu, China {{disambig ...
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Tongyang Group
The Tongyang Group, also spelled Tong Yang Group, is a South Korean conglomerate founded in 1957 by Lee Yang-gu, a confectionery businessman who had decided to expand into the cement industry. Over the following decades it expanded to include holdings as diverse as financial services companies and a basketball team. As of September 2013, it was the country's 38th-largest conglomerate, but that month it defaulted on its debt due to cash flow issues, and looked to sell off key subsidiaries to raise funds. In January 2014, group chairman Hyun Jae-hyun and three other senior executives were arrested on charges including fraud and malpractice in issuance and sales of financial products. History The Tongyang Group was founded in 1957 as a cement manufacturer by Lee Yang-gu. Lee had previously used the Tongyang name in his Tongyang Confectionery Manufacturing Company, which he started after coming from his native South Hamgyong Province (in what is today North Korea) to Seoul in 1947. ...
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