BillionaireNet
Shin
Kwak Dong Shin
Rank #1576
SOUTH KOREAtechnologySemiconductors

Kwak Dong Shin

Net Worth
$2.525B
-3.1% (24h)
Kwak Dong Shin, born December 17, 1974, is a prominent figure in the semiconductor industry. As of late 2024, his estimated net worth is $2.7 billion, placing him among South Korea's wealthiest individuals. His wealth primarily stems from his involvement in the semiconductors sector, specifically as the chairman of Hanmi Semiconductor, a manufacturer of semiconductor equipment. Kwak's career began in 1998 when he joined Hanmi Semiconductor, later becoming its CEO in 2007. His leadership has been instrumental in the company's growth, particularly with the development of key technologies like the Thermal Compression bonder, essential for producing high-bandwidth memory chips. Kwak's achievements have been recognized, propelling him into the billionaire ranks, and securing his place among Korea's top richest.

The Full Dossier

Early Life

Kwak Dong Shin was born on December 17, 1974, in Seoul, South Korea. His father, Kwak No-gweon, founded Hanmi Semiconductor in 1980. Kwak Dong Shin is the eldest son in the family.

Rise to Success

Kwak joined Hanmi Semiconductor in 1998 and subsequently worked in various management roles. He became the CEO in 2007. Under Kwak's leadership, Hanmi Semiconductor has become a global firm with over 320 clients worldwide. Kwak spearheaded the development of the Thermal Compression bonder, a critical piece of equipment for producing High Bandwidth Memory (HBM) chips used in AI computing. He was promoted to chairman in December 2024.

Key Business Strategies

Kwak emphasized consistent investment in research and development and placed customer satisfaction as a top priority. His focus on creating a simple and systematic business system has been crucial to Hanmi Semiconductor's success. He has also focused on the development of key equipment for the semiconductor industry, particularly for AI applications. Recently, Kwak launched the TC Bonder Griffin Super Bonding Head, a new product for next-generation HBM production.

Philanthropy

While specific philanthropic amounts are not available from the search results, Kwak is known for gifting shares of HANMI Semiconductor to his sons, signaling a focus on family and succession.

Career Timeline

2024

Chairman of Hanmi Semiconductor

Promoted to Chairman.

2007

CEO of Hanmi Semiconductor

Became the CEO of Hanmi Semiconductor.

1998

Joined Hanmi Semiconductor

Began his career at Hanmi Semiconductor, working in various management roles.

Philanthropic Impact

FamilyUndisclosed

Share gifting

Gifted shares to his sons, representing a framework for third-generation management.

Wealth Trajectory