From the Editor

  • Jung Sung-jae is the founder of Korean beauty device maker Classys.
  • He set up the company in 2007 after working as a dermatologist.
  • Classys' flagship product is Ultraformer MPT, a high-intensity focused ultrasound device that provides a noninvasive way to tighten and lift skin by regenerating new collagen.
  • In 2022, Bain Capital bought a 60% stake in Classys from Jung and his family for $560 million. They retained a minority stake.
  • Shortly after the deal, Jung handed over the reins of the company to Baek Seung-han, now its chairman and CEO, to position it better for overseas growth.
Personal Stats
Age
58
Source of Wealth
Beauty devices, Self Made
Residence
Seoul, South Korea
Citizenship
South Korea
Marital Status
Married
Children
2
Education
Medical Doctor, Hanyang University
Related People & Companies
Mong-Koo Chung
Mong-Koo Chung
Related by education: Hanyang University
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South Korea
South Korea
Citizen of South Korea
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