Shinsegae appointed Chung Yong-jin as its chairperson in March 2024, marking a shift in the leadership of the South Korean conglomerate. As an entrepreneur who consistently ranks among the wealthiest citizens in his country, Chung manages a significant portfolio of interests with a net worth estimated by Forbes at US$1.25 billion as of April 2024.
Background and Education
Born in Seoul in 1968, Chung represents a prominent lineage within South Korean industry. He is the son of Shinsegae Group chairwoman Lee Myung-hee and the grandson of both Samsung Group founder Lee Byung-chul and National Assemblyman Chung Sang-hee. His formal schooling included attendance at Kyungbock High School before he earned a Bachelor of Arts in Economics from Brown University.
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Chung maintains a network that extends into international political and business circles. He serves as the Asia Chairman for the Rockbridge Network, a conservative political advocacy organization aligned with Donald Trump. His professional associations include interactions with Donald Trump Jr. and Omeed Malik, the latter of whom is a member of 1789 Capital. These ties place him within broader discussions regarding global business and political strategy.
Family and Personal Life
In 1995, Chung married Go Hyun-jung, with whom he had two children: Jung Hae-chan in 1998 and Jung Hae-in in 2000. Following their 2003 divorce, he retained custody of both children. Chung identifies as a Protestant and participates in services at the Onnuri Community Church.
Fast facts
- Born: 1968, Seoul
- Citizenship: South Korea
- Education: Brown University
- Current Position: Chairperson of Shinsegae (since March 2024)
- Net Worth: US$1.25 billion (April 2024 estimate)
- Political Role: Asia Chairman of Rockbridge Network
- Religion: Protestant
Questions readers ask
What is Chung Yong-jin's current role at Shinsegae?
He has served as the chairperson of Shinsegae since March 2024.
What is his connection to the Samsung Group?
He is the grandson of Samsung Group founder Lee Byung-chul and the cousin of current Samsung Group chairman Lee Jae-yong.
Achievements
- Educated at Brown University
