Name:

Shin Chang-jae

Date of Birth:

1954

Country of Birth:

South Korea

Country of Residence:

South Korea

Source of Wealth:

Insurance

Marrital Status:

Married

Children:

2

Shin Chang-jae Net Worth USD: $1,140,000,000 - $1,260,000,000

2020 Mean Estimate USD:

$1,200,000,000

Shin Chang-jae Biography

Shin Chang-jae is a South Korean billionaire whose father founded of Kyobo Life Insurance (formerly Daehan Kyoyuk Insurance) in 1958. Shin, who attained a doctorate from Seoul National University, originally trained as an obstetrician, and worked at Seoul National University medical school as a professor.

In 2000 he took over as chairman and CEO at Kyobo when the company was suffering from large portfolio losses as a result of the Asian Financial Crisis. By focusing on risk control on one hand, and customer satisfaction on the other Shin Chang-jae managed to turn the company around.