[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

[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