Shin Dong-won

Shin Dong-won (Korean: 신동원; Hanja: 辛東原; born 1958) is a South Korean businessman. He is the chairman and CEO of South Korean food and beverage conglomerate Nongshim.

Shin Dong-won
Born	(1958-01-09)January 9, 1958 Pusan, Korea
Education	Korea University
Occupation	Businessman
Known for	Chairman and CEO of Nongshim
Relatives	Shin Choon-ho (father) Shin Kyuk-ho (uncle) Shin Dong-bin (cousin)

Biography

Shin is the eldest son of the late founder and chairman of Nongshim Group Shin Choon-ho.^[1] His uncle, Shin Kyuk-ho, founded the South Korean conglomerate Lotte Corporation. The Chairman of Lotte, Shin Dong-bin, is his cousin.

He was born in Busan in 1958 and attended Shinil High School in Seoul. He studied chemical engineering at Korea University and earned a master’s degree in International Trade, also from Korea University.^[2]

Shin started working for Nongshim in 1979 and served as a senior managing director from 1994 to 1996. He became Nongshim's CEO in 2000 and Chairman in 2021, after the passing of his father.^[3][4] Shin seeks to expand the company's international presence.^[5] He is credited for launching the Jjawang, which became Nongshim's second best-selling product in South Korea, after the company's signature product Shin Ramyun, and helped boost the company's share of the domestic instant noodle market from 59 percent in 2015 to 63 percent in 2020.^[5][6]

Shin is currently the largest shareholder of Nongshim Holdings, the largest shareholder of Nongshim, with a 42.92% stake in Nongshim Holdings.^[7]

Personal life and family

Shin is married to Min Sun-young, daughter of Min Chul-ho, former president of Tongyang Securities.^[2] His eldest son, Shin Sang-yeol, joined Nongshim in 2019 after graduating from Columbia University.^[8]

References

1. He-rim, Jo (2021-07-01). "Nongshim Group inaugurates heir Shin Dong-won as new chairman". The Korea Herald. Archived from the original on 2022-01-26. Retrieved 2022-03-25.
2. "The Investor". www.theinvestor.co.kr. Archived from the original on 2022-03-25. Retrieved 2022-03-25.
3. "Shin Dong-won appointed chairman of Nongshim Co". Korea JoongAng Daily. Archived from the original on 2022-03-22. Retrieved 2022-03-25.
4. "Chaebol heir takes Nongshim chair". The Korea Times. 2021-04-02. Archived from the original on 2022-03-25. Retrieved 2022-03-25.
5. "Nongshim's new chief seeks global presence". The Korea Times. 2021-07-02. Archived from the original on 2022-03-25. Retrieved 2022-03-25.
6. Herald, Korea (2015-04-27). "Nongshim launches 'Jjawang' noodles". The Korea Herald. Archived from the original on 2018-12-15. Retrieved 2022-03-25.
7. ""사나이 울리는 신라면" 만든 '라면왕'… 농심 신춘호 회장 별세". Segye Ilbo (in Korean). 2021-03-27. Archived from the original on 2022-03-25. Retrieved 2022-03-25.
8. Lee, Hillary (2019-03-10). "Nongshim chief's son joins the firm | Korea News Plus". Archived from the original on 2021-04-11. Retrieved 2022-03-25.