[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

[Super Rich] Money-losing Lotte Shopping pays do-nothing founder W800m

Lotte Group’s beleaguered retail company Lotte Shopping paid a salary of 800 million won ($723,800) to Lotte founder Shin Kyuk-ho for the first half of 2016, despite his absence from company operati...

Updated : 2016.08.18 15:59

[Super Rich] Born to be rich

[ THE INVESTOR ] Of the nation’s 100 wealthiest people, 76 are the second or third generation members of the founding family of South Korea’s top conglomerates, as of this year, according to a re...

Updated : 2016.07.14 18:02

[Super Rich] Beauty success through social media

When L’Oreal acquired NYX Cosmetics for a whopping $500 million in 2014, the world’s largest cosmetics company likely had its eyes set on NYZ’s large social media following. NYX is known for its ...

Updated : 2016.07.14 16:58

[Super Rich] Number of ultra-rich on the rise

[Super Rich] Number of ultra-rich on the rise Billionaires up 16%, their combined wealth rise 17% By Lee Sun-young Korea is now home to 211,000 people whose financial assets exceed 1 billion won (...

Updated : 2016.07.07 14:57

[Super Rich] The pet superstars of the superrich

The local pet market -- or “petconomy”-- is growing, and along with it, the pets of the superrich are rising to the spotlight. Korea’s pet superstars of the superrich include two famous poodles...

Updated : 2016.07.07 11:44

[Super Rich] Chaebol Cornell graduates with a hold on hotel business

With the prestigious Ivy League known to offer top-notch education, elites with a business family background are flocking to the U.S. universities to gain an edge for when they inherit the family bus...

Updated : 2016.06.30 19:40

[Super Rich] Chaebol Cornell graduates with hold on hotel business

With the prestigious Ivy League known to offer top-notch education, elites with a business family background are flocking to the U.S. universities to gain an edge when they themselves inherit the fam...

Updated : 2016.06.30 14:47

[Super Rich] Rise of the daughters in fashion Korea

[ THE INVESTOR ] Step aside gentlemen, it’s time for the ladies to shine. South Korean conglomerates have long been dominated by men -- usually the sons and grandsons of the founders. Shinsegae ...

Updated : 2016.06.30 14:16

[Super Rich] Nature Republic stingy about sharing success with employees

[ THE INVESTOR ] Despite Korean cosmetics brand Nature Republic seeing overwhelming success, with revenue increasing sixfold in six years, the 7-year-old company has been stingy in sharing wealth w...

Updated : 2016.06.16 17:54

[Super Rich] Shinsegae to tap overseas liquor market

The recent takeover bid by Korean retail giant Shinsegae Group for “Jeju Soju” last week proves the passion of the group’s vice chairman Chung Yong-jin for the liquor business again. Chung, w...

Updated : 2016.06.16 17:20

[Super Rich] Nexon founder likely to face summons

Kim Jung-ju, founder of the country’s biggest online gaming giant Nexon, is likely to be summoned by the Supreme Prosecutors’ Office soon in a probe to determine whether he paid kickbacks. Kim, wh...

Updated : 2016.06.07 17:32

[Super Rich] Like father like son-in-law

Legendary Korean baseball pitcher Park Chan-ho and his millionaire father-in-law have more than family connections in common. Both currently have sizeable real-estate earnings and are committed to ph...

Updated : 2016.06.07 17:30

[Super Rich] Jejudo woos Saudi billionaire in bid to host Four Seasons

Jejudo Island, the nation’s popular vacation spot, was presented on Tuesday as a strong candidate for the location of the second Four Seasons hotel in Korea to visiting Saudi billionaire Prince Alwa...

Updated : 2016.05.17 17:35

[Super Rich] Unlisted affiliate may be key to CJ power transfer

Succession at Korean family-controlled conglomerates -- notorious for their complicated cross-shareholdings among affiliates -- tends to result in a tragicomedy drama, especially when there are many ...

Updated : 2016.04.12 17:21