[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)