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THE INVESTOR
August 03, 2021

The Boardroom

Richest 60-something: Shin Chang-jae

  • PUBLISHED :June 22, 2016 - 15:10
  • UPDATED :June 22, 2016 - 16:08
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[BORN TO BE RICH] Kyobo Life Insurance Group chairman Shin Chang-jae, 63, is the wealthiest among Koreans aged 60 to 69 years.

Formerly a gynecologist, Shin joined Kyobo Life Insurance on the urgings of his father who founded the firm. 

Kyobo chairman Shin Chang-jae.


His personal assets are seen to be worth 2.54 trillion won (US$2.2 billion). Most of them are in the form of unlisted Kyobo Life stocks.

He also own a 624 square meter home in Seongbuk-dong, which he bought for 5.8 billion won in 2014. 

By Kim Ji-hyun (jemmie@heraldcorp.com)

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