KOREA WHO
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Chairman of Kyobo Life Insurance
Shin Chang-jae
Doctor-Turned-Second-Generation Owner Resumes Holding Company Transition and IPO Initiatives
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Last Updated on Jun 25, 2024
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Chairman of Kyobo Life Insurance
Life Summary
Shin Chang-jae is the Chairman and CEO of Kyobo Life Insurance.
He is the only owner-CEO in the domestic life insurance industry and serves as a co-CEO alongside President Cho Dae-gyu.
He is actively pushing for the transition to a holding company and the establishment of a comprehensive financial group.
Shin is showing strong determination to resume the IPO, which was previously halted due to disputes with financial investors.
Born on October 31, 1953, in Seoul, he is the eldest son of Shin Yong-ho, the founder of Kyobo Life Insurance.
After graduating from Gyeonggi High School in Seoul and Seoul National University College of Medicine, he obtained a master's degree and a doctorate in medicine from Seoul National University Graduate School.
He worked as an obstetrician-gynecologist and served as a professor at Seoul National University College of Medicine for 10 years.
After being diagnosed with cancer, he accepted his father's request, who was considering succession issues, to join the management of Kyobo Life as Vice Chairman.
Under his leadership, Kyobo Life grew from a loss-making company to the third largest in the life insurance industry by total assets.
He advocates for "ambidextrous management," generating profits from the life insurance business with one hand while discovering future growth engines like MyData and healthcare services with the other.
His management style is generally cautious but can be bold at times. He also emphasizes open communication with employees.
#KyoboLife #ShinChangJae #lifeinsurance #holdingcompany #IPO #finance #healthcare #MyData #leadership #businessgrowth
He is the only owner-CEO in the domestic life insurance industry and serves as a co-CEO alongside President Cho Dae-gyu.
He is actively pushing for the transition to a holding company and the establishment of a comprehensive financial group.
Shin is showing strong determination to resume the IPO, which was previously halted due to disputes with financial investors.
Born on October 31, 1953, in Seoul, he is the eldest son of Shin Yong-ho, the founder of Kyobo Life Insurance.
After graduating from Gyeonggi High School in Seoul and Seoul National University College of Medicine, he obtained a master's degree and a doctorate in medicine from Seoul National University Graduate School.
He worked as an obstetrician-gynecologist and served as a professor at Seoul National University College of Medicine for 10 years.
After being diagnosed with cancer, he accepted his father's request, who was considering succession issues, to join the management of Kyobo Life as Vice Chairman.
Under his leadership, Kyobo Life grew from a loss-making company to the third largest in the life insurance industry by total assets.
He advocates for "ambidextrous management," generating profits from the life insurance business with one hand while discovering future growth engines like MyData and healthcare services with the other.
His management style is generally cautious but can be bold at times. He also emphasizes open communication with employees.
#KyoboLife #ShinChangJae #lifeinsurance #holdingcompany #IPO #finance #healthcare #MyData #leadership #businessgrowth