Chung Yong-Jin is a South-Korean businessman who has a net worth of $1.2 billion. Chung Yong-Jin has acquired most of his net worth from Shinsegae, a South Korean department store franchise. According to recent reports, Yong-Jin has resigned from Shinsegae following investigations of the labor ministry regarding rumors that the group illegally monitored employees to prevent them from joining the union.
But the group excludes the above as a reason for Yong-Jin’s resignation. Aside from the latest happenings, Chung Yong-Jin keeps his stakes in Shinsegae and Samsung Electronics. Today considered the largest department store in the world, Shinsegae has its flagship store set in Centum City, Busan. The name of the company literally means “new world” and it is hailed as South Korea’s first ever credit card company. In its very beginnings, Shinsegae was a part of the Samsung Group.
| Net Worth: | $1.2 Billion |
| Date of Birth: | Sep 19, 1968 (53 years old) |
| Place of Birth: | Seoul, South Korea |
| Profession: | Vice Chairman and CEO of Shinsegae Group |