RedCarpetLife
2357
In the world today
Shin Chang-jae

Shin Chang-jae

S. Chang-jae
7.32% | + $112.63M
$1.65 B ₹ 15,025 Cr
Real Time Net Worth #2357 Ranking as of 21 Feb 2026 By Forbes

More on Shin Chang-jae

Gender

Male

Age

0Y

Country

South Korea

Born On

February, 2026

Deceased

No

Relationship Status

Married

Children

2

Education

Seoul National University – M.D. And Ph.D.

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited (Family Wealth)

Primary Organization

Kyobo Life Insurance

Titles

Chairman

Sources of Wealth

Kyobo Life Insurance

Industry

Finance, Insurance

About Shin Chang-jae


S hin Chang-jae is a South Korean billionaire and the chairman of Kyobo Life Insurance, one of the country's largest life insurers. His career path was highly unconventional for a business tycoon. The son of the company's founder, Shin Yong-ho, he initially chose a career in academia, becoming a respected professor of obstetrics and gynecology at Seoul National University. However, his life changed when his father was diagnosed with cancer and asked him to take over the family business.

In 2000, Shin Chang-jae left his medical career to become the chairman of Kyobo. Despite having no business experience, he proved to be a highly effective leader. He is credited with modernizing the staid insurance company, introducing customer-centric management philosophies, and steering it successfully through periods of financial volatility. He also oversees the family's other major asset, the Kyobo Book Centre, one of South Korea's largest bookstore chains, which was founded by his father out of a passion for education and literature. Shin's transition from a respected doctor to a successful corporate leader is a unique story in the world of South Korea's family-run 'chaebols'.

Advertisement

Quick Reads


  • Chairman of Kyobo Life Insurance, a major South Korean insurer.
  • He was a professor of medicine at Seoul National University before taking over the family business.
  • His father, Shin Yong-ho, founded both Kyobo Life and the Kyobo Book Centre.
  • Credited with modernizing the insurance company and focusing on customer value.
  • He took the helm in 2000 after his father fell ill.

Early Life and Background


Shin Chang-Jae is a South Korean businessman, the self-made billionaire Chairman and Executive of Kyobo Life Insurance, one of South Korea's largest life insurance and financial services companies. His career is notably unique: he was a professor of pediatrics before assuming executive leadership of the financial giant.

Shin holds an M.D. (Doctor of Medicine) degree and a Ph.D. in Pediatrics from Seoul National University (SNU). His philosophical approach centers on generational stewardship, stability, and long-term asset hold in the essential financial and insurance sectors (leveraging his background in risk and long-term planning). He inherited control of the company from his late father, Shin Yong-ho (d. 2003).

  • Kyobo Life Insurance (Chairman & Executive): The core private asset, a major provider of life insurance, annuities, and financial services in South Korea.
  • Medical Background: He was a professor of pediatrics before entering the family business.
  • Investment Strategy: His success is built on scale financial services and dominating the domestic market for insurance and retirement planning.
  • Family Governance: He succeeded his father and controls the majority stake in the private company.

Career Journey of Shin Chang-jae


Dr. Shin Chang-Jae's strategic leadership involved managing the immense Kyobo Life Insurance empire. He transitioned from a distinguished medical career to the insurance sector, assuming a senior role in 1996 and becoming Chairman after his father's death. His structural contribution is immense: providing foundational stability and professional management to one of Korea's largest life insurance providers.

His structural contribution is tied to the long-term stability and profitability of the Korean financial services sector. His wealth is secured by the colossal, long-term, stable profitability of the global insurance and financial services sectors.

Advertisement

Shin Chang-jae's Timeline


1970s–1990s:

Serves as a Pediatrics Professor at Seoul National University (SNU) (Academic Apex).

1996:

Joins Kyobo Life Insurance as a senior executive (Corporate Entry).

2003 (September):

His father, Shin Yong-ho, passes away; Shin Chang-Jae assumes Chairman role (Succession/Executive Apex).

Ongoing:

Continues as Chairman, guiding the massive financial giant (Executive Oversight).

Major Business Ventures and Investments


Shin Chang-jae's wealth is concentrated in his family's controlling stake and executive leadership of the private financial giant, Kyobo Life Insurance, and his private investments.

  • Kyobo Life Insurance (Chairman & Executive): The core private asset, a major provider of life insurance, annuities, and financial services in South Korea.
  • Medical Background: He was a professor of pediatrics before entering the family business.
  • Investment Strategy: His success is built on scale financial services and dominating the domestic market for insurance and retirement planning.
  • Academic Background: He holds a Ph.D. in Pediatrics from SNU and an M.D. degree.

Advertisement

Philanthropy and Social Impact


Shin Chang-Jae's social impact stems from Kyobo Life Insurance's role in providing essential financial security and insurance products to millions of South Koreans. His family's Kyobo Foundation supports educational and cultural initiatives, continuing the commitment to youth development and national literacy.

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Shin Chang-Jae maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global financial sector.

Residing in Seoul, South Korea, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to corporate governance, strategic investment, and the long-term stewardship of the Kyobo Life empire.

Advertisement

Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Chairman of Kyobo Life Insurance.
  • He was a professor of pediatrics with an M.D. and Ph.D. from SNU before taking over the company.
  • His father, Shin Yong-ho, founded the insurance giant.
  • His fortune is tied to the successful generational management and stability of the Korean insurance sector.
  • He holds an estimated net worth in the billions of dollars (2025 estimate).
  • His philosophy emphasizes long-term asset hold and financial prudence.

Advertisement

More Profiles


Gao Jifan & family

-0.14% | -$3.23M

Winifred J. Marquart

+0.94% | +$44.92M

You May Like


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

Sponsored Content