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Tongyang Group 동양 (기업)

About

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.

Description via Wikipedia (lead extract) · name cross-verified Wikidata + Wikipedia.

Verified facts

Tongyang Group (동양 (기업)) — verified Korean company. Founded 1957-01-01.

Details

• Headquarters: Seoul
• Founded: 1957
• Founder: Lee Yang-gu
• Location: South Korea
• Type: conglomerate
• Name: Tongyang Inc.
• Country: 대한민국
• Industry: 건설 건재 섬유회사
• Acquired: 2016
• Acquirer: 유진기업

Source reconciliation

• Wikidata lists the Korean name as 동양그룹; KoreaAPI uses 동양 (기업) (chosen by source authority).

Independent sources disagreed here — shown, not hidden.

Q&A — what agents ask

Cross-checked by 2 source(s)

• Wikidata — structured open knowledge base · view ↗
• Wikipedia — encyclopedic article · view ↗

Verification history

Verified & tracked since 2026-08-17 · 4 verified snapshots.

Append-only, timestamped — the record of WHEN a fact changed, which a latecomer cannot backfill. Full feed: /changes.json · machine-readable: get_history("company:tongyanggroup").

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