Shin Chang-Jae’s profile picture

Shin Chang-Jae

Kyobo Life Insurance
Shin Chang-Jae’s profile picture
Net worth 2018: $2.2 Billion
Industry: Finance
Residence: Seoul, South Korea
Country: South Korea
BirthDay: 1953
Children: 2
Education: Doctorate, Seoul National University
BIOGRAPHY

Shin Chang-Jae was bornon 1953 in Seoul, South Korea, South Korea, is Kyobo Life Insurance. Shin Chang-Jae is #1126 in List Billionaires People In The World. Shin Chang-Jae was a practicing obstetrician and a professor at Seoul National University when he joined Kyobo Life Insurance in 1996, as his father, Shin Yong-Ho, was undergoing cancer treatment. The elder Shin had founded the company (formerly known as Daehan Kyoyuk Insurance Co. ) in 1958. When the younger Shin became chairman and CEO in 2000, it was reeling from investment portfolio losses in the aftermath of the Asian Financial Crisis. He turned the company around by focusing on customer satisfaction and risk control. Through an extensive distribution network of agents and financial planners, the company offers insurance and asset-management products to more than 5 million customers. Shin, who maintains a busy schedule of public speeches and lectures, is known for his management acumen and commitment to helping others. He also has a mischievous penchant for staging stunts to make a point, such as reportedly taking part in his own fake funeral. "When it comes to encouraging his employees," the company notes on its website, "Mr. Shin never gets tired of transforming himself into stunning figures: an aproned waiter, a chef in uniform, and a singer playing guitar at charity meetings organized by his employees." In 2010, he received the 19th Montblanc de la Culture Arts Patronage Award for his support of Korean literature through the Daesan Foundation, established under the auspices of Kyobo Life Insurance by his father. To encourage young readers, Shin Yong-Ho also established, in 1980, what has become perhaps the most famous bookstore in Korea -- the Kyobo Book Center at the insurer's headquarters building in Gwanghwamun, in downtown Seoul.

NET WORTH STATISTIC
2010

$1.6 Billion

2011

$2.1 Billion

2012

$1.9 Billion

2013

$2 Billion

2014

$2 Billion

2015

$2.9 Billion

2016

$1.9 Billion

2017

$1.9 Billion

2018

$2.2 Billion

TIMELINE
Shin Chang-jae (born 1953/54) is a Korean billionaire businessman, Chairman and CEO of Kyobo Life Insurance Company.He is the son of Shin Yong-ho, who founded Kyobo Life Insurance Company in 1958. he has a doctorate from Seoul National University.He trained as an obstetrician and worked as a professor at the Seoul National University medical school.He has been Chairman and CEO of Kyobo Life Insurance Company since 2000. In June 2015, Forbes estimated his net worth at US$2.3 billion.He is married with two sons and lives in Seoul, South Korea.
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