From over at the Times:
Shin is a former professor at Seoul National University and now works for the Daesan Foundation (Kyobo). Daesan have created the Daesan Literary Awards, distributes creative writing funds, and supports translation of Korean literature into other languages. In 2007 Shin was also named as the 11th richest Korean, which can’t hurt. π
An excellent article detailing his ‘reluctant’ path to his position, can be found over at Forbes.