Chung Yong-Jin: Billionaire Businessman

Chung Yong-Jin is a South-Korean businessman, with a net worth of $1.2 billion. He acquired most of his wealth from Shinsegae, a South Korean department store franchise.

Yong-Jin recently resigned from Shinsegae following investigations by the labor ministry regarding rumors that the group illegally monitored employees to prevent them from joining the union. However, the group denies this as the reason for Yong-Jin’s resignation. Despite this, he still holds stakes in Shinsegae and Samsung Electronics.

Shinsegae is currently the largest department store in the world, located in Centum City, Busan. It was South Korea’s first-ever credit card company and started as part of the Samsung Group.

You May Also Like