• Chairman of Haesung Industrial
    Dan Jae-wan

    'Cash King' Son Inherits Over 1 Trillion Won Wealth, Expands Haesung Group through M&A

    Last Updated on Jun 26, 2024

Life Summary

Dan Jae-wan is the chairman of Haesung Group. He serves as the chairman of Haesung Industrial, Hankuk Paper, Keyang Electric Machinery, and Haesung DS, as well as the managing director of Hankuk Package.

He was born on March 21, 1947, in Seoul. He is the eldest son among 9 siblings, born to his father Dan Sa-cheon, the founder of Haesung Group, and his mother, Kim Chun-soon.

He graduated from Seoul Kyungbok High School in 1966.

In 1970, he graduated from Yonsei University with a degree in Philosophy.

Dan Jae-wan joined Keyang Electric Machinery in 1978. From 1985 until March 2020, he served as the managing director and chairman of Haesung Industrial.

After being the vice chairman of Hankuk Paper in 1987, he rose to become the managing director and chairman. In 1997, he was appointed as the managing director and chairman of Keyang Electric Machinery. In 2001, he became the managing director and chairman of Hankuk Package, a subsidiary of Hankuk Paper.

Dan Jae-wan's father, Dan Sa-cheon, was known as the 'Cash King' in the Myeongdong financial industry in the 1950s and 1960s.

Among Dan Sa-cheon's second-generation heirs, Dan Jae-wan was the only one listed in the shareholder registry of Hankuk Paper, being designated as the successor early on.

Dan Jae-wan is known to own a significant amount of real estate in areas like Gangnam, Seoul, and is recognized for his substantial financial resources. He is referred to as the 'reclusive businessman' for not often appearing in public events.
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