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Former prime minister Yoo passes away

Yoo Chang-soon, former prime minister and ex-chairman of the Federation of Korean Industries, died at the age of 92 yesterday. 

Yoo Chang-soon
Yoo Chang-soon
He served as Bank of Korea governor, commerce minister and prime minister under the late former President Park Chung-hee, helping the authoritarian leader draw up a national economic development plan and lead the country’s rise from the ashes of the 1950-1953 Korean War.

In 1981 he was CEO of the Korea International Trade Association, and played a part in attracting the 1988 Olympic Games to Seoul, with then FKI chairman and late Hyundai Group chairman Chung Ju-yung. He also headed the Korea-U.S. Economic Cooperation Committee and the Republic of Korea National Red Cross.

Yoo was born in Anju, now North Korea, in 1918. He has five sons and one daughter.