Shin Chang-jae
Seoul, South Korea
Doctorate, Seoul National University
South Korea
Kyobo Life Insurance
insurance
$1,800,000,000
1008
#14 Korea's 50 Richest 2019
#1008 Billionaires 2019
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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