Shin Chang-Jae

About Shin Chang-Jae

Who is it?: Kyobo Life Insurance
Birth Year: 1953
Birth Place: Seoul, South Korea, South Korea
Residence: Seoul, South Korea
Alma mater: Seoul National University
Occupation: Chairman and CEO, Kyobo Life Insurance Company
Spouse(s): married
Children: 2 sons

Shin Chang-Jae Net Worth

Shin Chang-Jae was bornon 1953 in Seoul, South Korea, South Korea, is Kyobo Life Insurance. 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.
Shin Chang-Jae is a member of Finance

💰 Net worth: $2.1 Billion (Updated at 22 June 2018)

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

Some Shin Chang-Jae images

Biography/Timeline

1958

He is the son of Shin Yong-ho, who founded Kyobo Life Insurance Company in 1958. he has a doctorate from Seoul National University.

2000

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.