Billionaire Profile
Cho Hyun-joon
Global Rank
#1474

Image: Public domain | via Wikimedia Commons

Cho Hyun-joon

CEO, Hyosung Group
KR
Real-Time Net Worth
$2.7B
As of December 2025
Age
57
Source
Diversified
Industry
diversified
Citizenship
KR

Biography

Cho Hyun-joon is the Chairman of Hyosung Group, a South Korean conglomerate with diversified business interests including textiles, chemicals, and construction. Born in Seoul in 1968, Cho, 57, has a net worth of $2.7 billion, reflecting his prominent position in the business world. His wealth stems from diversified sources, primarily through his role at Hyosung Group. Cho's career includes experience at Mitsubishi Corporation and Morgan Stanley before joining Hyosung. He became Chairman in 2017, following his father, Cho Seok-rae. Cho holds degrees from Yale University and Keio University.

Wealth Over Time

In-Depth Profile

Early Life

Cho Hyun-joon was born in Seoul, South Korea, in 1968. He is the eldest son of former Hyosung Group Honorary Chairman Cho Seok-rae. Cho studied abroad and attended St. Paul's School and Yale University, where he earned a degree in political science. He furthered his education with a master's degree from Keio University's Graduate School in Japan.

Rise to Success

Cho began his career in 1992 at Mitsubishi Corporation in Tokyo, Japan, and later worked at Morgan Stanley's Tokyo branch. He joined Hyosung T&C (now Hyosung) in 1997, working his way up to Chairman in 2017. During his tenure, he has overseen the expansion of Hyosung Group into overseas markets.

Key Business Strategies

As Chairman, Cho has focused on securing the hydrogen business value chain for Hyosung. He has also emphasized ESG management within the group. Cho has been involved in strategic decisions across Hyosung's diverse business segments, including textiles, chemicals, and heavy industries, aiming for improved group performance and the separation of HS Hyosung from the holding company.

Philanthropy

Specific philanthropy initiatives and amounts are not readily available in the search results. More information would be needed to complete this section.

Career Milestones

1992

Joined Mitsubishi Corporation

Began his career at Mitsubishi Corporation in Tokyo, Japan.

1997

Joined Hyosung T&C

Joined Hyosung T&C (now Hyosung) as the manager of the management planning team.

2017

Chairman of Hyosung Group

Assumed the role of Chairman of Hyosung Group.

Controversies & Challenges

2016

Embezzlement Conviction

Sentenced to prison for embezzlement; the sentence was suspended, allowing him to continue running Hyosung.

2022

Unfair Financing of Affiliate

Convicted of unfairly financing a cash-strapped affiliate.

2025

Supreme Court upholds suspended prison sentence

The Supreme Court upheld a suspended prison sentence for embezzlement and other charges.