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As we delve into the life and accomplishments of Korea’s wealthiest particular person, we uncover the rules and values which have underpinned their success, providing a compelling narrative of ambition, resilience, and transformative influence.Their story is the proof to what might be achieved with a daring imaginative and prescient and an unwavering dedication to excellence, inspiring aspiring entrepreneurs and enterprise leaders all over the world.
Checklist of World’s richest Korean billionaires
World richest Korean billionaires
Jay Y. Lee
The chairman of Samsung Electronics tops the listing because the richest Korean on the planet. Though notorious for a high-profile case of bribing a confidante to the then South Korean president Park Geun-hye, his household stays on the high of the billionaire meals chain.The household has additionally made headlines for having to pay a whopping US $8.5 billion in inheritance taxes adopted by Lee senior’s dying.
Michael Kim
Second richest within the listing is Michael Kim, who’s the Co-founder of MBK Companions, a Seoul-based personal fairness agency and ING Insurance coverage Korea. ING Korea turned the primary firm owned by a personal fairness agency to be listed on the Korean change. His one other agency, Tesco’s Korean operation Homeplus topped the nation’s largest personal fairness deal so far. In addition to, he additionally sits on the board of the Metropolitan Museum of Artwork.
Search engine marketing Jung-In
Search engine marketing Jung-In began Celltrion Inc. in 2002 and took it public in 2008. The corporate makes medicine to deal with diseases comparable to most cancers, influenza and rheumatoid arthritis amongst others. In March 2023, Search engine marketing assumed the position because the Chairman after stepping down for some time. His eldest son additionally co-chairs Celltrion Inc.
Cho Jung-ho
Youngest of the 4 sons of the late founding father of Korean Air, Cho Jung-ho inherited the monetary arm of the group Hanjin, later renamed Meritz Monetary Group.
Mong-Koo Chung
Earlier than retiring in March 2020, Mong-Koo Chung served as chairman of Hyundai Motor, the largest carmaker in South Korea, for greater than 20 years. Euisun, his solely son and fellow billionaire, succeeded him. Later, he created the Hyundai Group, which was as soon as the most important company in Korea. Hyundai Mobis, a publicly traded automobile elements producer, is his second-largest holding.
Kim Beom-Su
Kim Beom-Su is the founding father of Kakao, South Korea’s largest messaging app. He later stepped down and left the board in March 2022. In 2014, the South Korean authorities acknowledged Kakao as a big firm, making it the primary tech startup to take action.
Hong Ra-Hee
Hong Ra-Hee is the spouse of Lee Kun-hee, the late chairman of Samsung Group.
Previous to her resignation in 2017, she served as director of the Ho-Am Artwork Museum and the Samsung Museum of Artwork, often known as “Leeum.” Her father-in-law left collections at each museums. Her nephew at present serves because the chairman of JoongAng Ilbo, one of many largest every day newspapers in Korea, which her father based. Her brother Hong Seok-joh is a billionaire and the chairman of the most important comfort retailer chain in Korea.
Kwak Dong Shin
Kwak Dong Shin is the CEO and vice chairman of Hanmi Semiconductor, a South Korean firm that makes semiconductor gear, in addition to its largest shareholder. In 1998, Kwak started working for Hanmi Semiconductor, and in 2007, he was named CEO. Moreover, Kwak owns a bit but vital share in HPSP, a 2022 itemizing firm that produces high-precision semiconductor gear.
Kwon Hyuk-bin
One of many famend gaming corporations in South Korea ‘Smilegate’ is owned by billionaire Kyok Hu-bin. The corporate was based in 2002, following a 2008 partnership with Chinese language web large Tencent. He additionally started a basis inside the firm often known as The Smilegate Basis, which gives training in IT amongst different topics.
Euisun Chung
The final on the highest ten listing is none aside from the chairman of Hyundai Motor Euisun Chung. Succeeding his father he assumed the place in 2020.
Part of his wealth derives from auto half maker firm Hyundai Glovis.
As president of Kia from 2005 to 2009, Chung grew the subsidiary auto model sooner than Hyundai Motor.
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