In April 2024, Forbes estimated his net wealth at US$1.09 billion and ranked him 34th richest in the country.
[2] He is the son of Shin Yong-ho, who founded Kyobo Life Insurance Company in 1958.
[1] Shin received a doctorate from Seoul National University.
[1] He trained as an obstetrician and worked as a professor at the Seoul National University medical school.
[1] He has been chairman and CEO of Kyobo Life Insurance Company since 2000.