Rank #2824
Shin Chang-jae
Net worth $1.4B
Insurance · South Korea
- Born
- Oct 31, 1953
- Age
- 72
- Source
- Insurance
- Residence
- Seoul
- Citizenship
- South Korea
- Marital status
- Married
- Children
- 2
- Education
- Doctorate, Seoul National University
Net worth over time
Biography
- Shin Chang-Jae is the chairman and CEO of Kyobo Life Insurance, founded by his father in 1958 as Daehan Kyoyuk Insurance.
- When Shin assumed the posts 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.