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Shin Chang-jae

NET WORTH Updated Weekly as of 05:40 PM KST 01/16/2017

$2.2B -
Shin Chang-jae
  • BIRTH

    10/31/1953

  • CORPORATION

    Kyobo Life Insurance Co.

  • POSITION

    CEO

  • EDUCATION

    Seoul National University Medicine, Doctorate
    Seoul National University Medicine (ObGyn)
    Kyunggi High School

UNLISTED STOCK WEALTH

$2.2B

Kyobo Life Insurance Co.

PROPERTIES

Kyobo Building near Gangnam Station

  • Kyobo Building near Gangnam Station
  • Kyobo Building in Gwanghwamun
  • 330 Seongbuk-dong, Seongbuk-gu, Seoul / 624.09㎡ / Purchasing price 5.8 billion won (2014)
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BIOGRAPHY

Shin was born in 1953 in Seoul. He went to Kyunggi High School and studied medicine at Seoul National University. He earned an MD and served as an obstetrics and gynecology professor at his alma mater before he joined Kyobo Life Insurance in 1996 upon a calling from his father and company founder Shin Yong-ho. In 2000, he took over chairmanship of the insurance company, one of the top three in the industry.
A rarity in the industry, Shin is the only owner involved in management and is credited for securing a financial structure that survived the Asian financial crisis. In 2014, he carried out a massive restructuring, the first since he took the top office.
Shin’s brother separated himself from the company in 2012 and set up a books and stationery business, while his two sisters have not participated in management. 
He married Jeong Hye-won and has two sons. Jeong died in 2010 and Shin remarried in 2013. His eldest son joined an affiliate company in 2015 after a brief stint at the Seoul branch of Credit Suisse. 

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