South Korean billionaire (born 1974)
Kwak Dong Shin[1] (Korean: 곽동신; born December 17, 1974[2]) is a South Korean businessman and chairman of Hanmi Semiconductor [ko].[2] He is among the richest people in South Korea, with Forbes estimating his net worth in December 2024 to be US$2.2 billion and ranking him the 8th richest person in the country.[1]
Biography
Kwak Dong Shin was born on December 17, 1974, in Seoul, South Korea[2] as the eldest son[3] of father Kwak No-gweon (곽노권).[2] The elder Kwak would found Hanmi Semiconductor in 1980.[4]
In 1998, he joined Hanmi Semiconductor and worked in a variety of management roles. He served as CEO of Hanmi Motors, a car importer established by Hanmi Semiconductor. He also served as CEO of Shinho Motors (신호모터스), a BMW dealer affiliated with Hanmi Semiconductor, and Hanmi Networks (한미네트웍스), a cosmetics sales company.[2] He owned a 12.6% stake in Hanmi Semiconductor until 2008, when he became the largest shareholder after a stock donation from his father.[5] He worked as vice chairman of Hanmi Semiconductor from 2007 until December 2024, after which he became chairman.[4] This followed the death of his father, who died in 2023.[6]
He has two sons: Kwak Ho-seong (곽호성; born 2002) and Kwak Ho-jung (곽호중; born 2007). In 2024, he donated 1% each of the total company stocks of Hanmi Semiconductor to his two sons.[5]
References