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Tongjin Comprehensive High Schoo,
Dong Woo Machinery
Shin went to Tongjin Comprehensive High School, as did Hanmi Pharmacetical chairman and founder Lim Sung-ki. Both are from a remote village in Gimpo, Gyeonggi Province, and met at a hometown alumni club.
He established auto parts company Hanyang Precision in 1981. Hanyang Precision consists of three divisions: Hanyang S&C develops specialized construction machines with Tata Daewoo as its main customer; Dong Woo Machinery is an outstanding vendor of Volvo Group Korea providing main parts of large-sized excavators; and Polish branch Hanyang Polska specializes in mold manufacturing for automobile parts, for companies including Fiat and Volkswagen. It also supplies plastic household appliances for Ikea and Philips.