52 South Koreans in their 30s and 40s owned over 100 billion won ($94.2 million) in equity, and only nine of them were self-made entrepreneurs
November 26, 2013 Leave a comment
52 S. Koreans in 30s, 40s own over $94mn in equity
2013.11.25 15:04:50
52 South Koreans in their 30s and 40s owned over 100 billion won ($94.2 million) in equity, and only nine of them were self-made entrepreneurs, according to an analysis. Hyundai Motor vice chairman Chung Eui-sun, who owns 3.5 trillion won worth of equity, was ranked as the richest among those in their 30s and 40s in terms of equity holdings. Of Koreans who possess over 100 billion won in stocks based on the closing levels on Friday, 52 people were in their 30s and 40s, and nine of them, or 17 percent, were self-made people who started their own businesses, said a business performance evaluation firm CEO Score Monday.
The result was in contrast with the previous finding released in early this year. According to the finding, 14 people, or 28 percent, of Japan’s top 50 richest people in terms of equity ownership came from families that own conglomerates in the country, while 34, or 68 percent, were business founders, even as Japan has a longer history of corporate activities than Korea does.
The total number of the wealthy aged between 30 and 49 with over 100 billion won in equity assets fell two this year from 54 of late last year. Meanwhile, Lee Hae-jin, chairman of board at NHN, increased her stock ownership to more than 1 trillion won and became one of top five wealthiest people for the first time this year. As a result, the number of people with over 1 trillion won in equity assets rose from four to five.
The richest equity owner was Hyundai Motor vice chairman Chung Eui-sun. The vice chairman held 3.5 trillion won in share of Hyundai Motor Group’s affiliates such as Hyundai Glovis, Kia Motor, and Hyundai Amco.
The vice chairman’s equity expanded 130 billion won from that of late last year, further widening the gap with those of Samsung Electronics vice chairman Lee Jae-yong, who owns 2.6 trillion won in equity, the second largest. The asset gap between the two widened from 775 billion won of late last year to 946 billion won as of now.
Shinsegae Group vice chairman Chung Yong-jin was ranked third with 1.3 trillion won in equity.
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