|Shin Myung-soo. (Yonhap)|
Former Shindongbang Group chairman Shin Myung-soo, 73, died last Saturday from colorectal cancer. Shin was a well-known entrepreneur who contributed to the growth of South Korea’s food processing industry.
He started his career at Shindongbang Corp. in 1967 and served as a chief executive of the company until 1999. Hit by the Asian currency crisis, the company faced financial difficulties and units of the company were merged into Sajo Haepyo in 1999 and CJ Group in 2002.
Beyond Shindongbang, he served as vice chairman of the Federation of Korean Industries from 1989 to 2001.
Unlike other corporate leaders, he managed newspapers, including The Korea Herald and its sister paper The Herald Business (formerly The Naeway Economic Daily) between 1997 and 1999.
He held a bachelor’s degree in business from Seoul National University and a master’s degree from Columbia University.