[BORN TO BE RICH] AmorePacific chairman Suh Kyung-bae, 53, is the richest in the age bracket of between 50 and 59 years. He is also Korea’s second-wealthiest individual. Suh is one of the six children of the late Suh Sung-hwan, founder of AmorePacific. The junior Suh took over the firm in 1997. Suh’s assets are currently worth 9.9 trillion won. Among them are AmorePacific Group stocks, both ordinary and preferred stocks, which are worth 7.29 trillion won.Amore Pacific chairman Suh Kyung-bae. He

June 22, 2016

[BORN TO BE RICH] Samsung Electronics vice chairman Lee Jae-yong, 48, is the richest South Korean in the age bracket of 40 to 49 years.Lee, who is also South Korea’s third-wealthiest person, has a fortune worth 6.35 trillion won (US$548.82 billion) including listed stocks and real estate. Samsung C&T shares made up the bulk of Lee’s assets. Following a merger between the firm and Cheil Industries in 2015, his stake in Samsung C&T stood at 17.8 percent worth 3.92 trillion won.Samsung Electronics

June 22, 2016

[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 with its employees.The unlisted company’s business profits increased by 20 billion won ($17.2 million) between 2010 and 2016, which resulted in the value of Nature Republic CEO Jung Woon-ho’s 73.8 percent hold of company shares surging to 73.2 billion won. Nature Republic CEO Jung Woon-hoHowever, instead

June 17, 2016

 [THE INVESTOR] South Korean clothing company Fashion Group Hyungji chairman Choi Byung-oh appeared to have begun transferring his managerial rights to his offspring.On June 16, his daughter Hae-won was promoted to chief executive of Hyungji I&C, a key affiliate the group.The chairman holds a 47.3 percent stake in the firm, while Hae-won and her brother Joon-ho each holds a 3.71 percent stake.  Hae-won began working at Hyungi Group in 2008. Since then, she has worked in departments such as globa

June 17, 2016

 [THE INVESTOR] 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, who is known to be a wine enthusiast, has expanded the company’s business in this area for the past few years by entering into wine import and distribution business, and by opening the craft beer-centric bar Devil’s Door in Seocho-dong, an affluent part of southern Seoul. 　The latest move is an

June 16, 2016