Most Popular
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Two jailed for forcing disabled teens into prostitution
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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North Korean leader ‘convinced’ dialogue won’t change US hostility
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Hyundai Motor’s Genesis US push challenged by Trump’s tariff hike: sources
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Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
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[Weekender] Korea's traditional sauce culture gains global recognition
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BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
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Oasis confirms first Korean concert in 16 years
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[SUPER RICH] Superrich sons-in-law
In the cutthroat business world of chaebol, sons-in-law were often considered the elephants in the room. While customs have changed so radically in Korea that it is now not uncommon to see men living with their in-laws instead of the other way around, sons-in-law are still considered “guests” and not members of the family. This means they are treated with utmost respect, but it also means they could never hope to take over the family business. In Japan, there are occasional cases where the son-i
April 21, 2014
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[SUPER RICH] CJ vice chairwoman finds goldmine in cultural industries
Lee Mie-kyung, vice chairwoman of CJ, is a rare breed of Korean superrich who saw a business opportunity in culture and entertainment. Born in Tennessee, U.S., and raised in Seoul, Lee is the Harvard-educated daughter of Lee Maeng-hee, Samsung chairman Lee Kun-hee’s elder brother. She first gained international recognition in 1995 after masterminding CJ Group’s $300 million investment in DreamWorks Studio founded by Hollywood powerhouses Steven Spielberg, Jeffrey Katzenberg and David Geffen. Le
April 21, 2014
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[SUPER RICH] Sports stars become ‘superrich’
Global sports stars are becoming another breed of superrich.From jaw-dropping paychecks to endorsements and investment returns, the young, athletic and beautiful are raking in money with their talent and brand image. They are also clever enough to hold onto their assets. The primary source of their income is payroll. Major Leaguer Choo Shin-soo signed with the Texas Rangers for $130 million over seven years, while Ryu Hyun-jin signed a $4.3 million contract this year with the Los Angeles Dodgers
April 14, 2014
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[SUPER RICH] The superrich club of sports fans
The superrich’s pursuit of sports often goes beyond the role of spectator or a participant. They show their affection on a scale befitting their assets. Heesung Group chairman Koo Bon-neung is well known as a passionate baseball fan. Koo, who is currently the president of the Korea Baseball Organization, has published a photobook featuring his lifetime collection of baseball photos. He himself played the game as an outfielder when he attended junior high. Chung Mong-joon, the largest shareholder
March 31, 2014
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[SUPER RICH] LG, GS, LS owners enjoy dividend bonanza
About half of Asia’s listed companies are family-run businesses, according to an analysis performed by Credit Suisse last year. And these companies were found to have been quite lucrative, as the family-owned corporations from 10 major Asian countries accounted for 32 percent of the total market value of the region.Korea was included on the list, and out of the current market leaders, all but POSCO were founded in the early stages of industrialization and thrived in the hands of their heirs.The
March 24, 2014
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[SUPER RICH] Female billionaires on the rise in Korea
More and more women are becoming rich, but they still remain a minority in the world of the superrich despite their improving status and active participation in society.According to the 2014 World’s Billionaires list recently unveiled by Forbes, in which the 1,645 super-wealthy were ranked, a total of 172 women made the list, up 25 percent from a year earlier but constituting a mere 10 percent of the world’s mega-rich. Yet, most of the women inherited their fortune from a parent or husband. Only
March 17, 2014
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Rolls-Royce rolls out Wraith coupe to lure younger super-rich
Rolls-Royce, the ultra-luxury carmaker owned by BMW Group, is pinning high hopes on its first coupe, Wraith, to lure younger, successful customers in Asia, a powerhouse region for its future growth. The Wraith, the coupe version of the iconic Ghost sedan, made its Korean debut on Tuesday at a launching event held at the Grand Hyatt Hotel in central Seoul. Prices start at 390 million won ($367,000). Lee Chul-seung, head of Rolls-Royce Motor Cars Seoul, the official Korean importer, wouldn’t revea
Oct. 29, 2013
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Fiat aims to break through with 500
Cruising down Seoul in the Fiat 500 will make you stand out. Out of the 1.5 million cars on the roads of this bustling metropolis, there are only about 100 of these iconic subcompacts to be seen, as it was the only launched in Korea in February. It’s not the first time that the Italian carmaker has tried its hand here, but Fiat had to withdraw its Korean business in the late 1990s when its local manufacturing partner Kia Motors went bankrupt. Even at the time, the 500 -- born in 1957 -- had not
March 24, 2013
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Concierge service touches super-rich’s pride
Hotel Plaza in Seoul is the only luxury hotel that offers a concierge service for weddings. Other hotels provide a venue and catering service. But Plaza offers a concierge to oversee the whole process of the wedding. “A wedding concierge is required to be more experienced as they have to serve not just the couple but also their parents on their very special day,” said a manager at the hotel. There are three professional wedding concierges at the hotel who have more than seven years of experience
Nov. 2, 2012