Name
Cho Jung-ho
Cho Jung-ho
Seoul, South Korea
Bachelor of Arts/Science, University of Southern California | Master of Business Administration, IMD
South Korea
Meritz Financial Group
finance
$1,300,000,000
1818
#25 Korea's 50 Richest 2019
#1818 Billionaires 2019
Cho Jung-ho is the chairman of Meritz Financial Group. He is the youngest of the four sons of Cho Choong-hoon, the late founder of Hanjin Group, the parent company of Korean Air. He worked for Korean Airlines in Europe and returned home in 1989 as a director with Hanjin Investment & Securities, as Meritz was then named.
Cho's father started out with a single truck and went on to build an empire based mostly on transportation. He has outstripped his brothers in wealth and success; Meritz's value has multiplied since it broke away from the Hanjin Group in 2005.
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