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Chung Yong-jin

Chung Yong-jin

C. Yong-jin
-0.06% | - $-1.43M
$2.3 B ₹ 20,943 Cr
Real Time Net Worth #1805 Ranking as of 21 Feb 2026 By Forbes

More on Chung Yong-jin

Gender

Male

Age

57Y

Country

South Korea

Born On

September, 1968

Deceased

No

Relationship Status

Married

Children

4

Education

Brown University - Bachelor Of Arts/Science

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

Shinsegae Group

Titles

Vice Chairman

Sources of Wealth

Shinsegae Group

Industry

Retail, Food & Beverage

About Chung Yong-jin


C hung Yong-jin is a South Korean retail magnate and the vice chairman and de facto head of Shinsegae Group, one of the country's largest retail conglomerates. He is the son of Lee Myung-hee, the chairwoman of the group, and the grandson of Lee Byung-chull, the legendary founder of the Samsung Group. After Samsung was split among the founder's heirs, his mother's branch of the family inherited the department store business, which became Shinsegae.

As the heir apparent, Chung has been the driving force behind the group's modernization and expansion. Shinsegae operates a wide range of retail formats, including luxury department stores, the massive E-Mart hypermarket and warehouse club chain, and Starbucks Korea. Chung is known for his aggressive business style and his efforts to compete in the fast-growing e-commerce space. He is also a prominent social media personality in South Korea, known for his direct and sometimes outspoken communication style.

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Quick Reads


  • Vice chairman and heir of the South Korean retail giant Shinsegae Group.
  • Grandson of Samsung founder Lee Byung-chull.
  • His mother, Lee Myung-hee, is the chairwoman of the group.
  • Shinsegae operates E-Mart hypermarkets and high-end department stores.
  • He is a prominent and often outspoken business figure in South Korea.

Early Life and Background


Chung Yong-jin is a South Korean business executive and billionaire, the current Chairperson of Shinsegae Group (since 2024), one of South Korea's largest retail conglomerates. He is the eldest grandson of Lee Byung-chul, the legendary founder of Samsung Group, and the only son of Lee Myung-hee, the chairwoman of Shinsegae Group. His cousins include Samsung Chairman Lee Jae-yong.

Chung received an elite education designed for chaebol leadership: he graduated from Kyungbock High School and secured a Bachelor of Arts degree in Economics from Brown University in the United States. His career began at Korea Fujitsu, followed by an executive track role in the family conglomerate, preparing him for the immense responsibility of managing one of the nation's largest retail empires.

Career Journey of Chung Yong-jin


Chung Yong-jin joined the Shinsegae Group as a director in the Strategy Planning Team and rose rapidly through executive ranks to become Vice Chairman. The Group's business is deeply rooted in South Korean retail, operating massive department stores, hypermarkets (E-Mart), and convenience stores.

His leadership has been defined by a focus on digital transformation and e-commerce—aggressively competing with online rivals—and strategic diversification into high-profile consumer assets. Notably, he is the owner of the SSG Landers professional baseball team, leveraging his wealth for sports ownership and high-profile brand synergy (SSG is the company's e-commerce brand). In March 2024, he was inaugurated as the Chairperson of Shinsegae (the highest role), cementing his control over the multi-billion dollar retail giant and its massive assets, ensuring the long-term, generational stewardship of the family's portion of the original Samsung fortune.

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Chung Yong-jin's Timeline


1991:

Graduates with a B.A. in Economics from Brown University (Academic Achievement).

1997 (approx.):

Joins Shinsegae as a director in the Strategy Planning Team (Corporate Entry).

2003:

Divorces his first wife, actress Go Hyun-jung (Personal Note).

2011:

Marries flautist Han Ji-hee (Personal Note).

2024 (March):

Inaugurated as Chairperson of Shinsegae Group (Executive Succession).

Ongoing:

Continues as Owner of the SSG Landers baseball team and major retail investor (Current Focus).

Major Business Ventures and Investments


Chung Yong-jin's wealth is rooted in his generational control and executive leadership of the publicly listed retail giant, Shinsegae Group (KRX: 004170).

  • Shinsegae Group (Chairperson & Executive): The core asset, a major retail conglomerate operating department stores, hypermarkets (E-Mart), and e-commerce platforms.
  • SSG Landers (Owner): The professional baseball team he owns, used as a key component of the company's marketing and brand synergy (SSG).
  • E-commerce Focus: His strategy is defined by aggressive investment in online retail and delivery services to maintain market share.
  • Family Legacy: He is the grandson of Samsung founder Lee Byung-chul, providing the foundational inheritance.

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Philanthropy and Social Impact


Chung Yong-jin's social impact is structural, stemming from the Shinsegae Group's role as a massive employer and provider of essential retail services across South Korea. His commitment to sports ownership contributes to national athletic culture and civic pride.

His personal philanthropy often supports educational and social initiatives, reflecting the long-standing civic commitments of the Samsung and Shinsegae dynasties. His structural contribution is the continuous modernization and competitiveness of the Korean retail sector.

Fashion, Style, and Lifestyle


Chung Yong-jin maintains the polished, sophisticated style of a South Korean chaebol chairman. His attire is consistently formal and high-quality, favoring tailored suits. His public persona is defined by his modern business strategy (e-commerce, sports) and his elite family connections.

His luxury is the immense security and autonomy derived from his multi-billion dollar retail empire. His life is dedicated to the stewardship of his family's legacy, balancing industrial tradition with the demands of modern digital retail.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the grandson of Samsung founder Lee Byung-chul.
  • He is the Chairperson of Shinsegae Group (retail conglomerate).
  • He is the owner of the professional baseball team SSG Landers.
  • He holds a degree in Economics from Brown University.
  • He was married to actress Go Hyun-jung (1995–2003).
  • His leadership focuses on digital transformation and e-commerce (e.g., E-Mart).
  • His cousin is Lee Jae-yong, the chairman of the Samsung Group.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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