A Goldman Sachs Banker's Journey to Startups in Korea

Tyger Cho's Transformative Journey

Tyger Cho, a Stanford University graduate with a degree in economics, embarked on a journey that many young professionals dream of. Initially, he aimed to make a mark on Wall Street. However, his path took a surprising turn when, after a series of jobs, he decided to embrace a new adventure by moving to Seoul to build a startup aimed at the Korean diaspora.

Getting to Know Tyger's Background

Raised about 25 miles northwest of Chicago, Tyger attended an American school where he was part of a Korean American family. Though they celebrated traditional Korean holidays, his family had not fully immersed him in the language or cultural nuances. His mother, Gina Cho, noted that the family faced challenges integrating cultural education, expressing a desire for a stronger connection to their roots.

This yearning for cultural engagement grew stronger, especially after facing financial hardships when his father lost his business. Observing these struggles sparked Tyger's interest in finance and investing from a young age, leading him to devour economics literature and setting the stage for his future career.

The Goldman Sachs Experience

Tyger landed a coveted role at Goldman Sachs, where he was immersed in the fast-paced world of finance. His responsibilities included executing trades, conducting market research, and crafting presentations for elite clients. Despite the prestige associated with the role, Tyger soon felt overwhelmed by the high demands and hierarchical structure of the firm. He candidly described his feeling, sharing that he often felt like a ''dead person'' amidst the corporate grind.

Finding Home in Seoul

After his time at Goldman Sachs, Cho explored other career options, including a startup venture and later a chief of staff position at an insurance company. However, his calling seemed to lie elsewhere. He decided to save diligently for 6 months before making the significant move to Seoul.

Initially, Tyger intended to stay in Korea for a brief period. But almost immediately, he felt welcomed by the vibrant culture and warm-hearted people. Within days, he was captivated by the rich culinary traditions, social atmosphere, and a sense of belonging he hadn’t felt in years.

Cost of Living and New Perspectives

One of Cho's biggest surprises was the affordability of living in Seoul compared to Chicago. Transitioning from a $2,300 monthly rent for a one-bedroom apartment in Chicago to a similar place in Seoul at $1,600 opened his eyes to the possibility of a fulfilling lifestyle without the same financial strain. He found that even healthcare was more accessible, with an entire X-ray and physical therapy session costing less than $50.

The Founding of K-Bridge

Motivated by a desire to foster connections among the Korean community abroad, Cho established K-Bridge within just seven months of arriving in Seoul. This platform aims to serve the global Korean diaspora, creating a space for networking and community building. Cho took advantage of South Korea's Overseas Koreans Act which allows him to host events that attract many professionals, helping them connect and collaborate.

A Multifaceted Approach to Community

In addition to hosting events, Tyger hosts podcasts, runs an active LinkedIn group, and publishes newsletters as part of his larger mission to nurture a professional ecosystem for Korean Americans and those of South Korean descent abroad. While K-Bridge is currently self-funded, Cho plans to support it through membership fees and sponsorships, eyes set on sustainable growth.

Embracing New Beginnings

Though there are moments where Cho feels like an outsider in South Korea, he reflects positively on his journey. He observes that his future no longer feels constrained or predetermined but full of potential. The transition from a conventional Wall Street trajectory to a fulfilling life dedicated to community and connection illustrates the transformative power of following one's passion.

Frequently Asked Questions

What inspired Tyger Cho to move to Seoul?

Tyger Cho wanted to explore his cultural roots and build a startup for the Korean diaspora, feeling a stronger sense of belonging there.

What did Cho study at Stanford University?

He graduated with a degree in economics, which laid the foundation for his career in finance.

What challenges did Cho face at Goldman Sachs?

He faced a demanding work environment that contributed to feelings of disillusionment and burnout.

How did Cho’s move to Seoul affect his lifestyle?

The move significantly reduced his cost of living, improving his quality of life compared to Chicago.

What is K-Bridge?

K-Bridge is a platform created by Tyger Cho, designed to connect the global Korean diaspora through events, networking, and community engagement.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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