Shin Yong-ho: a great entrepreneur who used his success in business as a springboard for aiding the development of his country
and the future of his people
The turbulent life and times of a towering figure in South Korea's insurance industry
The narrative of Shin's entire life, including his struggle with illness as a child, his dream of becoming a "capitalist for the Korean people" as a young man, and his establishment of one of Korea's finest corporations in his prime
Shin's endless creativity and ambition show us the wisdom and courage we need in our lives
About the book
This book tells the life story of Shin Yong-ho, who founded and built Kyobo Life Insurance, Kyobo Book Centre, and the Daesan Foundation. Shin contracted a terrible illness in his childhood, and by the time he had recovered, it was too late to go to school. Despite missing his chance to receive a formal education, he taught himself through a thousand-day reading project and through hands-on learning. After heading to Seoul by himself at the age of twenty, he moved to China and built a company from scratch. Meanwhile, a meeting with the patriotic poet Yi Yuk-sa inspired him to support the independence movement and pursue his ambition of becoming a capitalist for the Korean people. At the end of World War II, Shin returned to Korea penniless, but he kept his spirits strong and with a great deal of effort invented the concept of education insurance to satisfy Koreans' thirst for learning. His decision to establish Kyobo Book Centre under the slogan "People make books, and books make people" in the middle of Gwanghwamun in downtown Seoul illustrates his passion for promoting national education and the way he put that into practice. Shin was unstinting in his support of public interest projects, and he established the Daesan Foundation to contribute to the development and globalization of Korean literature, along with the Daesan Agricultural Foundation (originally the Daesan Foundation for Rural Culture and Society) and the Kyobo Foundation for Education. It was Shin, with his profound knowledge of literature, who suggested putting up a billboard at Gwanghwamun (this became known as the Gwanghwamun Geulpan) to carry messages of comfort and hope for the busy pedestrians crossing that intersection. All this sprang from the insight that Shin gained by carefully examining each situation from all possible angles.
Shin was a great entrepreneur who did not content himself with business success and never stopped striving for the development of his country and the future of his people. He was given the John S. Bickley Founder's Award, which is regarded as the Nobel Prize in the field of insurance; he was named the Insurance Mentor; and he became the first businessperson to be awarded the Geumgwan (Golden Crown) Order of Cultural Merit. The endless creativity and ambition evident in Shin's life teach us the wisdom and courage that we need in our own.
The can-do spirit that blazed a trail in the wilderness
Shin managed to survive the illness he suffered during his childhood on the slopes of Mt Wolchulsan, but he missed his chance to obtain a formal education, never attending elementary or middle school. Even so, his thousand-day reading project and hands-on learning served as an effective way to study and develop his talents. His self-study at this time gave him an unbreakable will. After training his intellect and realizing his dreams, Shin struck out for Seoul at the tender age of twenty and then continued to the Chinese city of Dalian (then Dairen) by himself. This was his first step toward becoming a businessman dedicated to the good of his nation and people. In China, he achieved financial success by developing a new sales system. After meeting the patriotic poet Yi Yuk-sa, Shin supported the independence movement and set a new goal of helping Koreans by becoming a capitalist for