Daniel Shin
Daniel Shin | |
|---|---|
| Born | Shin Hyun-seung 12 November 1985 Seoul, South Korea |
| Education | |
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| Years active | 2010– |
Shin Hyun-seung (Korean: 신현승; born 12 November 1985), commonly known as Daniel Shin, is a South Korean businessman and investor. He is founder and CEO of the fintech company PortOne Global. Shin is a founding partner at Bass Ventures, a venture capital fund.[1]
Shin is also the founder and former CEO of the e-commerce platform Ticket Monster and a co-founder of Terraform Labs, the parent company of the crashed stablecoin TerraUSD and cryptocurrency Luna.
Early life and education
Shin was born in Seoul, South Korea, on 12 November 1985. Him and his family moved to the Washington, D.C., when Shin was 9.[1] He graduated from the Thomas Jefferson High School for Science and Technology in 2004,[1] and attended the Wharton School at the University of Pennsylvania from 2004 to 2008, where he received a Bachelor of Science in economics.[2][3]
Early career
In 2007, Shin co-founded Invite Media, an advertising agency for which he raised US$1 million for.[1] He later worked as an analyst at McKinsey & Company until 2010.[4]
Career
In 2010, Shin returned to South Korea and started Ticket Monster. The company was modeled after Groupon, but later focused on mobile commerce.[5] It was acquired for $260 million to Groupon in 2014.[6]
In 2011, Shin co-founded Fast Track Asia, a business incubator.[7] In 2017, he founded Bass Ventures to invest in blockchain companies.[8]
In 2018, Shin founded PortOne Global, a B2B fintech company specializing in payment orchestration. [7]
Terraform Labs
Shin co-founded Terraform Labs with Do Kwon. He served as a board member and advisor. Following the collapse of the Terra ecosystem in May 2022, Shin was indicted in South Korea in 2023 on charges related to the collapse, which he has denied, asserting that he had no involvement in the company's operations after 2020.[9][10][11] Shin's Chai Corporation, a Terra-ecosystem payment service company that he founded, closed its entire B2C business as a result.[12]
References
- ^ a b c d 남희헌 (16 November 2022). "[Who Is ?] 신현성 차이코퍼레이션 총괄대표". 비즈니스포스트 (in Korean). Retrieved 6 November 2025.
- ^ "Daniel Hyunsung Shin". The World Economic Forum.
- ^ "Daniel Shin C08 W08". Wharton Magazine. Retrieved 6 November 2025.
- ^ Chafkin, Max (30 November 2011). "The Returnees". Inc. Retrieved 6 November 2025.
- ^ "Ticket Monster takes off, and so does its owner". koreajoongangdaily.joins.com. 16 July 2010. Retrieved 6 November 2025.
- ^ Wilhelm, Alex (2 January 2014). "Groupon's $260M Acquisition Of Ticket Monster From LivingSocial Has Closed". TechCrunch. Retrieved 6 November 2025.
- ^ a b Macri, Constantin (29 April 2023). "Daniel Shin's PortOne Global Makes Its Mark on the Global Payments Industry". Business Review (in Romanian). Retrieved 6 November 2025.
- ^ Choi, Young-jin (28 May 2018). "신현성 티몬 이사회 의장이 VC를 만든 이유". Forbes. Retrieved 6 November 2025.
- ^ "Warrant requested for Daniel Shin following Do Kwon 's arrest". koreajoongangdaily.joins.com. 28 March 2023. Retrieved 6 November 2025.
- ^ Quiroz-Gutierrez, Marco. "Terra cofounder Daniel Shin charged with fraud in South Korea as former CEO Do Kwon still detained in Montenegro". Fortune Crypto. Retrieved 6 November 2025.
- ^ "South Korea seeks arrest of Do Kwon's former Terraform Labs colleague Daniel Shin". The Straits Times. 27 March 2023. ISSN 0585-3923. Retrieved 6 November 2025.
- ^ "Following the suspension of "Chai Pay" last year, blockchain-based payment company Chai Corporation .. - MK". 매일경제. 3 September 2024. Retrieved 6 November 2025.