1) Unification Church founder Rev. Moon dies at 92
Rev. Sun-myung Moon died of pneumonia in Seoul at the age of 92. Born in 1920 in what is now in North Korea, he founded Unification Church in 1954. His church has gathered millions of followers all over the world, and his businesses involving real estate, publishing and even gun manufacturing have also flourished to the level of conglomerates. Moon’s Unification Church was much criticized by established Christian organizations because Rev.Moon declared himself at the messia. Though Moon was a staunch anti-communist, he made up with North Korea founder Kim Ilsung, Kim Jong-un’s grandpa, with a big hug with Kim in 1991. The leadership of the Unification Church will be transferred to his youngest son, Hyungjin (Sean), and the control of the businesses will be passed to his 4th son. Kukjin.
Ford blew up a good chance to become a major player in Korea many years ago. Ford was originally picked as the preferred bidder for then bankrupt Daewoo Motors in 2000. Ford has gone through due diligence, but, decided not to buy Daewoo that had over 1 million units a year capacity all over the world. Too much headache with Firestone tire recall at that time was one of the main reasons not to. GM thus picked up Daewoo in 2002 at a very good price, and turned it into a successful production and R&D base to supply Chevy brand models around the world as well as in Korea. Ford wrongly thought Daewoo was “A monster that might gobble up a lot of money.”