Monthly sales of 300,000 won → 300 million won…The secret to a 1,000-fold increase in income(Millionaire next door)

TV Jun 18, 2025

Translation

The story of Shin Hong-sik, a ‘big shot in the Daegu manufacturing industry’, who started out earning a monthly salary of 300,000 won and then built a company with monthly sales of 300 million won in about 10 years is revealed.

On EBS and E Channel co-produced show ‘Seo Jang-hoon’s Millionaire Next Door ‘(hereafter referred to as’ The Millionaire Next Door ‘), which will air on the afternoon of the 28th, the main character Shin Hong-sik, who created a buzz by opening a tea house in a 100-year-old traditional Korean house, the first in Korea, with the subtitle’ The Double Life of a Building Owner Chairman of a Land with a Plenty of Gold ‘, will appear.’ The Millionaire Next Door ‘will fully unfold the turbulent life of Shin Hong-sik, from going from being the fifth son of a wealthy family with nothing to living in a single-room apartment with a monthly salary of 300,000 won, to succeeding as the chairman of one of Daegu’s top 5 industrial companies with monthly sales of 300 million won.

Shin Hong-sik grew up in a wealthy environment thanks to his father who made a lot of money in a stone factory when he was young.His family home was a wealthy family that owned a 280-pyeong mansion and a TV and camera 70 years ago.However, Shin Hong-sik, who had started a business in his 20s by urging his father, suffered an unexpected accident that cost him the price of an apartment and was kicked out of the house with only a blanket.Shin Hong-sik, who started living in a single room and was on the edge of a cliff, finally earned money for the first time at the age of 29.He recalls, “I earned 300,000 won a month and supported my family of three, including my wife and child.” Then, about 10 years later, in the early 1990s, Shin Hong-sik made a surprising turnaround by becoming the president of one of the top 5 industrial companies in Daegu with monthly sales of 300 million won.The harsh life lessons and secrets of success that 71-year-old Shin Hong-sik tearfully confessed are revealed on the show “Millionaire Next Door.”



Meanwhile, Seo Jang-hoon, who visited Shin Hong-sik’s house, was speechless at the sight of 1,000 paintings that filled the 110-pyeong villa, including the living room, storage, study, and bedroom.In addition to the paintings, expensive moon jars, known as the “flowers of art collecting,” were also placed here and there, drawing attention.When Seo Jang-hoon asked, “Do you make money with paintings?” Shin Hong-sik shook his head and said, “I’ve never sold a painting.” He also confessed, “There’s another reason I collected 1,000 paintings,” saying that he didn’t even calculate how much it cost to buy them in total.The story of Chairman Shin Hong-sik’s real dream with his 1,000 paintings can be seen on ‘Seo Jang-hoon’s Millionaire Next Door’ EBS and E Channel at 9:55 PM on Wednesday the 18th.

Reporter Yoonna Choi com Donga.com yyynnn@donga

This article is automatically translated using Google AI. If you notice any inaccuracies, please let us know at allkstar@donga.com.