[Super Rich]Tracing back Hanmi Pharmaceutical’s ups and downs

Hanmi Pharmaceutical , once an 8 trillion won ($6.76 billion) deal maker with global pharma partners, is currently stuck in free fall. Hanmi Pharmaceutical Chairman Lim Sung-ki and his family’s st...

Updated : 2016.11.24 17:35

[Super Rich] Author of 50-year-old mathematics book worth W90b

Korean students are familiar with the book “Essence of Mathematics,” which is often described as the “best-seller second only to the Bible” here. It represents Koreans’ excellence in the subject...

Updated : 2016.11.24 17:32

[Super Rich] Assets of late Ottogi chairman’s families reach W1tr

It is quite common for Korean food companies to dispatch part-time or irregular workers to promote their sample foods at supermarket chains. However, at Ottogi, such salespersons are hired as full-t...

Updated : 2016.11.10 17:03

[Super Rich] K-beauty tycoon donates W2.5b Buddhist Painting

Korea’s rare 14th century Buddhist painting “Water-Moon Avalokiteshvara” returned home from Japan in October. Behind the return was Yoon Dong-han, chairman of Kolmar Korea, one of the leading cosm...

Updated : 2016.11.10 15:23

[Super Rich] Top conglomerates spend big on business deals

Since 2012 South Korea’s top 10 family-controlled conglomerates have spent more on gifts and entertainment to secure business deals than on marketing, according to their balance sheets. The data, w...

Updated : 2016.10.27 16:56

[Super Rich] Korean toymakers ready to leap forward

Korea’s top two toymakers are poised to take a leap forward to rake in profits at home and abroad. Korea’s No.1 toymaker Sonokong recently handed over a majority stake to global toy magnate Mattel...

Updated : 2016.10.27 15:39

[Super Rich] Korean conglomerates cash in on EXO's success

Korean conglomerate Lotte Group in March opened a duty-free shop in Tokyo’s luxurious shopping district Ginza, drawing a crowd to its opening ceremony early one morning. To be more precise, they we...

Updated : 2016.10.13 16:30

[Super Rich] Two moguls behind Starfield's luxury drive

Starfield Hanam, an enormous shopping and entertainment mall, has become the new hot spot for South Koreans in the past month. Located in Hanam, Gyeonggi Province, southeast of Seoul, the shopping m...

Updated : 2016.10.13 16:25

[Super Rich] Two entrepreneurs bet big on future generations

Making donations to the future generation is still a novel concept in South Korea. While some 155 wealthy individuals joined The Giving Pledge, a global commitment by the super rich to dedicate the m...

Updated : 2016.10.06 16:13

[Super Rich] Superrich doctors take scalpel to old management

“The reluctant executive” was how Forbes magazine described Shin Chang-jae, the chairman of Kyobo Life Insurance, in a cover story in 2010. Despite being the firstborn son of Kyobo Life founder Sh...

Updated : 2016.09.29 17:22

[Super Rich] Chaebol modelling for own business

Instead of hiring glamorous TV stars, some Korean superrich have opted to model for their own business in print or on TV. Commercials featuring big bosses tend to give audience a sense of trustworth...

Updated : 2016.09.22 16:33

[Super Rich] Hur Young-in, Korea’s undisputed bread king

A mega hit Korean television drama “Bread, Love and Dreams” in 2010 features a Korean bakery chaebol’s illegitimate child overcoming all varieties of hardships with passion to make quality bread. ...

Updated : 2016.09.22 16:28

[Super Rich] Pharma firms’ third-generation tycoons

They say a family business rarely succeeds past three generations. But in Korea’s pharmaceutical sector, the grandchildren of firms’ founders are proving this wrong, growing their company’s fortu...

Updated : 2016.09.08 17:33

[Super Rich] K-beauty’s global rise produces new superrich

The rising popularity of Korean dramas and K-pop overseas has left the impression on international fans that Korean cosmetics are trendy and attractive, setting beauty standards in Asia. In light of...

Updated : 2016.09.01 17:20

[Super Rich] Young chaebol women gain upper hand over elders

Korea’s family-controlled conglomerates, or chaebol, often center around men, with ownership passed down from father to eldest son. When it comes to potential heirs, far more attention is usually p...

Updated : 2016.08.18 17:24