SK founder's grandson got suspended jail term for drug use
This is the fourth of a series, which highlights Korea’s wealthy businesspeople who caused troubles related to drugs, alcohol, and power harassment called “gap-jil” here. _ ED.
SK Group is one...
Hanwha scion caused multiple troubles related to drugs, alcohol
This is the third of a series, which highlights Korea’s wealthy businesspeople who caused troubles related to drugs, alcohol, and power harassment called “gap-jil” here. _ ED.
Kim Dong-won is the second...
CJ Group heir apparent imprisoned in 2019 due to drug smuggling
This is the second of a series, which highlights Korea’s wealthy businesspeople who caused troubles related to drugs, alcohol, and power harassment called “gapjil” here. _ ED.
Born in 1990,...
From drugs to alcohol, and power harassment
South Korea’s economy is dominated by chaebol, the sprawling conglomerates like Samsung and Hyundai where founding families exercise full control despite small direct shareholdings.
As the ownership of such conglomerates has been transferred within...
The Seoul Central District Court postpones the date to April 17
The ruling on former DB Group Chairman Kim Jun-ki was delayed to April 17. Late last year, the 75-year-old tycoon is arrested for charges over alleged sexual assaults.
The Seoul...
1. Wealth: $1.1 billion (Forbes, 2020)
With the fortune of around $1.1 billion, SPC Group Chairman Hur Young-in is South Korea’s 29th wealthiest businessman as of 2020, according to Forbes.
2. Date of birth: May 17, 1949
Hur Young-in is chairman of...
1. Wealth: $1.5 billion (Forbes, 2019)
With the wealth of $1.5 billion, Michael Byungju Kim is South Korea’s 23rd richest businessman, even ahead of CJ Group Chairman Lee Jae-hyun and Lotte Group Chairman Shin Dong-bin.
The two tycoons’ wealth amounted to...
1. Wealth: $870 million (Forbes, 2019)
2. Date of birth: February 14, 1956
Shin Dong-bin is the chairman of Lotte Group, South Korea’s fifth-largest conglomerate. He is the second son of Lotte Group founder Shin Kyuk-ho.
3. Company & title: Lotte Group/Chairman
Shin...
1. Wealth: $1.6 billion (Forbes, 2019)
2. Date of birth: January 23, 1978
Koo Kwang-mo is the chairman of LG Group, South Korea’s fourth-largest conglomerate. He is an adopted son of former LG Chairman Koo Bon-moo.
3. Company & title: LG Group/Chairman
Koo...
1. Wealth: $2.4 billion (Forbes, 2019)
2. Date of birth: October 18, 1970
Chung Eui-sun is the executive vice chairman of Hyundai Motor Group. As the only son of Hyundai Motor Group Chairman Chung Mong-koo, he is a de-facto leader of...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
