Shin Chang-jae
$1.1B
Born
Oct 31, 1953
Age
72
Source of Wealth
insurance
Residence
Seoul,
Citizenship
South Korea
Marital Status
Married
Children
2
Education
Doctorate, Seoul National University
- Shin Chang-Jae is the chairman of Kyobo Life Insurance, founded by his father in 1958 as Daehan Kyoyuk Insurance.
- When Shin became chairman and CEO in 2000, Kyobo was reeling from investment portfolio losses in the aftermath of the Asian financial crisis.
- He turned the company around, focusing on customer satisfaction and risk control.
- With a network of agents and financial planners, the company now offers insurance and asset-management products to more than 5 million customers.
- He has a mischievous penchant for staging stunts to make a point, such as reportedly taking part in his own fake funeral.
- In 2010, he received the 19th Montblanc de la Culture Arts Patronage Award for his support of Korean literature through the Daesan Foundation.
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