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Career

[edit]

Religious call

[edit]

According to the U.S.-based non-profit organization Evangelical Media Group (www.god.com) created by Yoo in 2001,[1] "he first began to live for the sake of the gospel in 1961," and that he "worked as an inventor and businessman to support the spreading of the gospel all over the world".[2] Yoo was one of 11 students admitted to the Good News Mission Bible school established in Korea by American and English missionaries, but he was expelled.[3] He founded what later became the Evangelical Baptist Church of Korea, also known as the Salvation Sect,[4] in 1962 with his father-in-law, Pastor Kwon Shin-chan (권신찬; 1923–96).[5][6] The church was held to be a cult by the conservative Christian denomination, the General Assembly of Presbyterian Churches, in 1992.[7]

Acquisition of Samwoo Trading and founding of Semo Corp.

[edit]

Yoo, while still serving as a pastor, got his start in business when acquiring the bankrupt textile company Samwoo Trading Co. (삼우무역) in 1976.[8][9] He took over as CEO in 1978, and turned it into a toy manufacturing and export company.[10][11] Yoo went into shipping when he founded Semo Corp. (주식회사 세모) in 1979,[12] a holding company that came to span shipping, shipbuilding, domestic ferry businesses, electronics, real estate, cosmetics, paint, stuffed toys, pewter, and various other ventures.[13][14][15][16][17][18][19] Semo started operating ferries on Seoul's Han River in 1986, two years before the city held the Summer Olympics.[20][21][22]

Odaeyang mass suicide

[edit]

Yoo came to public attention in connection with the Odaeyang mass suicide in 1987. Police were investigating accusations against a 48-year-old woman, Park Soon-ja, saying that she had swindled 8.9 billion (~US$8.7 million) from about 220 people.[23][24] Her company Odaeyang Trading Co. was a firm that fronted for a religious sect led by Park, which was a splinter group from Yoo's Evangelical Baptist Church of Korea.[25] Yoo has denied any link to the group.[26] On 29 August, thirty-two members of the sect who believed in doomsday, including Park Soon-ja and her three children, were found dead, bound and gagged.[27][28] Police assumed the event was a murder–suicide pact, and the prosecution initially suspected that Yoo was linked to the case;[29][30] but he was never charged, and the police closed the case as a mass suicide.[31][32][33][34] After six people, including a former follower of Park named Kim Do-hyun,[35] surrendered to authorities on 10 July 1991,[36] the case was re-opened and investigation into Odaeyang Trading Co. revealed that the bulk part of 17 billion (~US$17 million) in private loans had been funneled into the company Semo Corp. run by Yoo.[37][38][39] Yoo was arrested and, in 1992, convicted of "habitual fraud under the mask of religion" for his role in colluding with one of his employees to collect donations from church members in the amount of 1.2 billion (~US$1.15 million) and invest them in his businesses. He served a 4-year prison term.[40][41][42][43][44][45]

Semo bankruptcy

[edit]

By 1990, Semo Corp. had 1,800 employees,[46] but the ferry businesses suffered maritime accidents. In 1990, 14 Semo workers were killed when their cruise ship on the Han River was hit by another ship.[40][47] The company was cleared of any liability for the incident.[20] Semo grew into the biggest ferry operator by 1994, operating 30 ships,[48][49][50] and once had nearly 3,000 employees.[17]

Semo Group filed for bankruptcy with more than ₩300 billion (~US$294 million) in debts amidst the 1997 Asian financial crisis, in the wake of a series of highly publicized scandals, citing business diversification as the cause of a cash shortage that had fuelled a rise in debts in its bankruptcy protection petition, and was liquidated.[20][45][51]

After Semo's bankruptcy, Yoo's family continued to operate ferry businesses under the names of other companies, including one that eventually became Chonghaejin Marine, and grew to become the monopolistic operator of ferries linking Incheon and Jeju.[52][53][54]

Chonghaejin Marine Company Ltd. was set up two years later on 24 February 1999, a day before a court approved the restructuring of the bankrupt Semo, and became a key entity to consolidate Semo's shipping business, taking over ships and assets held by Semo Marine, and had its debts written off.[7][20][51][54][55][56]

Other ventures

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According to Chaebul.com, an online information provider on large businesses, Yoo and his family own 30 business operators, with 13 doing business abroad such as in the U.S., Hong Kong and France. Their combined assets amount to some ₩500 billion (~US$480 million).[51] The collective assets of the 13 overseas operations surged to ₩166.5 billion (~US$158 million) at the end of 2013.[56] In France in 2012, Yoo made headlines prior to his photo exhibition in the Tuileries Garden at The Louvre when he through his public relations company, Ahae Press, bought the abandoned village of Courbefy for €520,000 (US$663,000, ₩767.5 million).[57][58][59][60][61] Yoo had seen it on CNN,[62] and wanted to set up an "environmental, artistic and cultural" project in the village.[63][64][65] Yoo has a wide range of other business interests according to official documents and information on company websites.[2] He owns a plantation in the United States called 123Farm,[66][67] one of the largest organic lavender farms in California started in 2001 at the site of the Highland Springs Resort,[68] a 2,400 acres (970 ha; 3.8 sq mi) property consisting of a 56-room hotel, conference center, and restaurants. Yoo was chairman of the board of the company that bought the resort in May 1990 for US$6.75 million.[69] I-One-I Holdings subsidiary Dapanda owns 9.9 percent of the Highland Springs Conference and Training Centre at the resort, according to regulatory filings.[70][71]

Inventions

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As an inventor, Yoo holds multiple patents, one being for a colonic irrigation system,[72] for which he received an International Federation of Inventors' Associations' prize at the 2006 Seoul International Invention Fair.[73] The invention is marketed in the United States, Canada, Mexico, Germany, South Korea, Philippines, and Malaysia by NaeClear,[74] and is sold in South Korea by the company Dapanda. It "arose from the concept of Hemato-Centric Health, which revolves around the blood as being the center of life." supposedly a concept created by Yoo and his non-profit research organization Hemato-Centric Life Institute (New York) chaired by his younger son Keith H. Yoo (Yoo Hyuk-kee, 유혁기; born 1972);[75][76] sponsored by NaeClear Co., Ltd. and daughter Yoo Som-na's company Moreal Design Inc., Yoo delivered keynote speeches at the 2010-13 Hemato-Centric Life Forum meetings in Seoul organized by Hemato-Centric Life Foundation.[77][78][79]

Ahae

[edit]

Ahae (아해), which means "child" in old Korean language, was a nickname used in reference to Yoo in correspondence on an Evangelical Baptist Church website EBC World (www.ebcworld.org).[2] According to his son, Yoo began using it in the early 1990s.[80] One observer in Korea Times noted that the name derives its analogous sound from Yahweh, the Jewish name for God.[81] Through his PR companies Ahae Press, Inc. in New York, Ahae Press France in Paris, and Ahae Press Ltd. UK in London, Yoo has exhibited and marketed himself as the photographer who goes by the name Ahae.[82][70] Yoo was unknown as a photographer before 2011.[83][84][85][86]

The project titled Through My Window began in early spring 2009 and continued for 4 years, during which time Yoo allegedly took about 2.7 million photographs, all through one window, which equates to a rate of roughly one photo every 60 seconds. The collection mainly consists of natural scenes shot through the window of Yoo's own studio. The location is the rural commune belonging to the Evangelical Baptist Church called "Geumsuwon" (금수원) east of Anseong south of Seoul, where Yoo lives.[87][88]

Yoo first exhibited Through My Window in the Vanderbilt Hall of Grand Central Terminal, New York City, in April 2011; co-produced by daughter Yoo Som-na's company Moreal Design, it was organized by Hemato-Centric Life Institute,[89] and sponsored by Highland Springs Resort[90] and Bear Family Green Club.[91][92][93] His exhibition Through My Window: Vibrancy and Serenity was on display on the same location in October 2011.[94][95] Yoo did not attend the exhibition that was unveiled by his second son, Yoo Hyuk-kee, known outside South Korea as Keith H. Yoo.[96] Keith, as CEO of Ahae Press, curated his father's exhibitions.[97][98][99][100]

As a travelling exhibition, Through My Window was then on display in Europe at the National Gallery in Prague,[101] Clarence House Gardens, Lancaster House, and Royal Botanic Gardens at Kew in London,[102][103] Vremena Goda Galleries in Moscow,[97][104] Museo Nazionale Alinari della Fotografia in Florence,[105][106] and in Magazzini del Sale, Venice.[107]

"Ahae" etched in stone at the Louvre in Paris, as one of its patrons.[108][109][110]

From June to August 2012, Through My Window (De ma fenêtre) was displayed in a 12,000 square feet (1,100 m2), four-story bespoke exhibition pavilion erected in the Tuileries Garden, that is administratively attached to The Louvre, in Paris.[111][112][113] English film composer Ilan Eshkeri was commissioned to write a twelve-part tone poem. Pre-recorded in Abbey Road Studios by the London Metropolitan Orchestra the 46 minutes composition played alongside the exhibition, and was later released on Blu-ray Disc.[114][115][116][117] For the gala dinner in the exhibition pavilion on 25 June 2012, Keith H. Yoo had commissioned British composer Michael Nyman to write a 26 minutes long piano quintet in four movements titled Through the Only Window. The work was subsequently recorded by Nyman Quintet in the Abbey Road Studios, and released on Nyman's record label.[118][119][120] Hervé Barbaret, deputy to former director of The Louvre Henri Loyrette, disclosed to L'Express in 2014 that "The Louvre did not pay a penny to organize this event. The artist paid the production entirely and paid a little more than 500,000 (~US$700.000, ~₩700 million) to exhibit himself in the Tuileries".[121] Ahae further donated €1.1 million (~US$1.5 million, ~₩1.5 billion) to The Louvre.[122][123][124][125]

French magazine A nous Paris in its 25 June 2012 edition asked Keith H. Yoo the question: "The exhibition is a significant cost. Do you have any sponsors?" To which Keith answered: "No. We are funding everything with the money from our different companies. We are not interested in outside pressure and want to enjoy total freedom."[126]

For his second solo exhibition in France, Fenêtre sur l'extraordinaire (Window on the Extraordinary), Ahae rented the Orangerie Hall of the Palace of Versailles from 25 June to 9 September 2013.[127][128][129] To mark the end of the exhibition, Michael Nyman was again commissioned, and wrote a 32 minutes long symphony in four movements for the occasion, Symphony No. 6 "AHAE", representing the four seasons in nature as depicted by Ahae. French composer Nicolas Bacri was commissioned to write a 29 minutes long symphonic piece, his opus 130 titled "Ahae's Day (Four Images for Orchestra)". The London Symphony Orchestra was hired to premiere both pieces at L'Opéra of the Palace of Versailles in Paris on 8 September 2013.[130] Both pieces have been recorded for a planned future release.[131][132][133] Ahae is the sole patron of the Bosquet du Théâtre d'Eau (Water Theatre Grove) (fr) currently being recreated with sculptures by Jean-Michel Othoniel in the area of the Gardens of Versailles, donating €1.4 million (~US$1.9 million, ~₩1.9 billion).[122][134][135][136] Catherine Pégard, head of the Public Establishment of the Palace, Museum and National Estate of Versailles who administer the Palace of Versailles, disclosed that the exhibition was on a sponsorship basis, saying "The artist himself wanted to rent the Orangerie. But we never communicate the numbers." French Le Monde and British The Times wrote that Ahae gave €5 million (~US$6.8 million, ~₩6.9 billion) to Versailles.[137][138][139]

Financial Times in its review of the Versailles exhibition wrote:

The scene that is the subject of Ahae's images looks, on the face of it, pretty unremarkable. A couple of murky ponds sit in a field which backs on to a fairly uninteresting looking wood. But such is the focus of Ahae's gaze that the viewer comes to know the fauna on the patch – from the fierce great tits who stare defiantly into the camera to the thuggish magpies and the beleaguered egrets and herons who bow to assaults by their neighbours like ageing professors hounded by skinheads.

— Catherine Milner, The Extraordinary within the Ordinary, Versailles – review, Financial Times[98]

The Economist wrote:

At first glance, the view from Ahae's window appears unimpressive. Yet these images reward patience. Ahae's forensic attention to detail reveals the stoicism, dignity and minor dramas of the animals going about their daily business, and raises these pictures to the realm of poetry.

— C.M., Nature photography in Versailles: Seoulful visions, The Economist[140]

Parisian newspapers Le Monde and Libération, several French art magazines, as well as Korean expatriates in France in an open letter on 12 June to French Minister of Culture Aurélie Filippetti, Catherine Pégard, president of the Château de Versailles, Henri Loyrette, ex-president of the Louvre and co-president of the French-Korean Year, and Bruno Ory-Lavollé, director of the Forest Festival in Compiègne, have raised their concerns over French cultural institutions accepting self-financed exhibitions in return for donations.[86][110][121][138][141][142][143][144][145][146] La Croix on 3 July wrote that French Foreign Minister Laurent Fabius would write to Versailles to demand the termination of the Ahae sponsorship there.[147][148]

Ahae, through his company Ahae Press, was a patron of the Forest Festival, a classical music festival in the forests of Compiègne, northern France. His photographs were to be projected during a gala concert at Théâtre Impérial de Compiègne on 4 July 2014. The sponsorship commitment was €10,000 (~US$13,640, ~₩13.9 million).[149][150][151] Following the open letter on 12 June from Korean expatriates in France to, among others, Minister of Culture Aurélie Filippetti and the director of the Forest Festival, and subsequent talks between the festival and the Ministry of Culture, Foreign Minister Laurent Fabius on 30 June gave written notice to the festival suggesting the projection should be renounced "out of sensitivity and respect for the Korean people mourning [following the sinking of Sewol], in particular the families of the young victims, and in the interest of the Festival and of France"; the projection and the sponsorship was cancelled on 2 July.[110][147][148][152][153][154][155][156][157][158][159]

An Ahae exhibition produced by Ahae Press titled Les échos du temps de près et de loin (Echos of Time: Far and Near) for the opening season of the new Philharmonie de Paris was scheduled for 5 May to 28 September 2015, and a concert sponsored by Ahae Press on 15 June 2015 in Philharmonie de Paris featuring Nyman's Symphony No. 6 "Ahae" and Beethoven's Symphony No. 6 "Pastorale" was announced; both have been cancelled.[160][161]

French newspaper La Croix in a comment to the sinking of the MV Sewol wrote:

This businessman with a murky past had used his fortune to exhibit at The Louvre. ... The crew [of the Sewol] was mainly made up of followers of the church of Yoo; temporary, often renewed and who were unfamiliar with their ship. The investigation also revealed that the owner had only spent 541,000 won ($521; €400) on crew training, including evacuation drills for its employees in 2013. Its wealthy owner had other priorities ... he used his fortune to organize worldwide exhibitions of his landscape photographs.

— Frédéric Ojardias, Corée, le scandaleux propriétaire du ferry naufragé, La Croix[162][163]

France Info commented:

In the Tuileries as at Versailles Ahae himself had financed his own exhibitions. ... In 2013, the company spent $500 in costs for training their crews, an amount that pales in comparison to the wealth of the owner of the shipping company. However, one of the main causes of the tragedy was precisely the total lack of preparation of the crew in case of disaster.

— Pierrick de Morel, Corée du Sud : qui est Yoo Byung-Eun, propriétaire du ferry naufragé ?, France Info[164]
Gallery
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  24. ^ Asiaweek. Asiaweek Limited. September 1987. ...when thirteen employees of Park's Odaeyang Trading Co. were arrested for assaulting three creditors who demanded repayment of more than $600,000. When police brought Park in for questioning about $13.7 million in unpaid loans, she fell ill and was taken to hospital.
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  40. ^ a b Cite error: The named reference ap230514 was invoked but never defined (see the help page).
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  140. ^ "Nature photography in Versailles: Seoulful visions". The Economist. 15 July 2013. Retrieved 5 June 2014.
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  146. ^ "Touché... Coulé... | Atlantes & Cariatides". Atlantesetcariatides.wordpress.com. 20 June 2014. Retrieved 26 June 2014.
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  149. ^ "Concert de Gala" [Gala Concert] (in French). festivaldesforets.fr. Archived from the original on 5 June 2014. Retrieved 20 June 2014.
  150. ^ Guennec, Pierrig (27 May 2014). "Un mécène du Festival des forêts recherché par la police coréenne" [A patron of the Forest Festival sought by the Korean police]. Le Courrier picard (in French). Courrier-picard.fr. Archived from the original on 2 June 2014. Retrieved 1 June 2014.
  151. ^ Hasquenoph, Bernard (26 May 2014). "Ahae, mécène d'un concert de gala au Théâtre Impérial de Compiègne" [Ahae patron of a gala concert at the Théâtre Impérial de Compiègne] (in French). louvrepourtous.fr. Retrieved 1 June 2014.
  152. ^ "À Compiègne, le mécène plonge le festival dans l'embarras" [At Compiegne, patron plunges the festival into embarrassment]. Courrier picard (in French). 1 July 2014. Retrieved 2 July 2014.
  153. ^ Debes, Vicent (2 July 2014). "COMPIEGNE Le Festival des forêts coupe les ponts avec son mécène" [Compiegne: The Forest Festival cut ties with their patron]. Courrier picard (in French). Retrieved 2 July 2014.
  154. ^ Bélingard, Christian (2 July 2014). "Le ministre des Affaires étrangères Laurent Fabius intervient indirectement dans l'affaire Ahae" [The Foreign Minister Laurent Fabius indirectly involved in the Ahae case]. France 3. Retrieved 2 July 2014.
  155. ^ "France Wants South Korea Ferry Owner Event Scrapped". NDTV. Agence France-Presse. 4 July 2014. Retrieved 4 July 2014.
  156. ^ "Naufrage en Corée: polémique à Compiègne" [Shipwreck in Korea: Controversy at Compiègne]. Le Figaro (in French). 3 July 2014. Retrieved 4 July 2014.
  157. ^ "Communiqué de presse: Festival des Forêts - Concert du 4 juillet 2014" [Press release: Forest Festival - Concert on 4 July 2014] (PDF) (in French). festivaldesforets.fr. 2 July 2014. Archived (PDF) from the original on 4 July 2014. Retrieved 4 July 2014.
  158. ^ Kim, Yon-se (6 July 2014). "Ferry owner barred from holding French exhibit". The Korea Herald. Retrieved 7 July 2014.
  159. ^ Kim, Sarah; Noh, Jin-ho (8 July 2014). "France moves to call off event with Yoo's work". Korea JoongAng Daily. Retrieved 7 July 2014.
  160. ^ Hasquenoph, Bernard (14 May 2014). "La Philharmonie de Paris maintiendra-t-elle une expo Ahae malgré l'affaire du Sewol?" [Will the Philharmonie de Paris still hold an Ahae exhibition despite the Sewol affair?] (in French). louvrepourtous.fr. Retrieved 1 June 2014.
  161. ^ 기사입력 (24 May 2014). "파리 필하모니 홈페이지서 '유병언 사진전' 사라진 이유" (in Korean). Biz.heraldcorp.com. Retrieved 1 June 2014.
  162. ^ Ojardias, Frédéric (27 April 2014). "Corée, le scandaleux propriétaire du ferry naufragé" [Korea, the outrageous owner of the wrecked ferry]. La Croix (in French). Retrieved 1 June 2014.
  163. ^ Nam, In-soo; Lee, Min-jeong; Kwaak, Jeyup S. (23 April 2014). "South Korea Ferry Probe: Cargo Was Three Times Recommended Maximum". The Wall Street Journal. Retrieved 1 June 2014. Chonghaejin's audit report for last year showed the company spent 541,000 won ($521) on crew training, including evacuation drills, as it ran a 2013 operating loss of 785 million won. In comparison, Daea Express Shipping Co., which runs four ferries on the one hour Incheon-Deokjuk island route, spent 11.14 million won on crew training last year. {{cite news}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)
  164. ^ de Morel, Pierrick (24 April 2014). "Corée du Sud : qui est Yoo Byung-Eun, propriétaire du ferry naufragé?" [South Korea: who is Yoo Byung-Eun, owner of the wrecked ferry?] (in French). Franceinfo.fr. Retrieved 1 June 2014.