Kakao Founder Becomes Richest Person in Korea

I always figured a chaebol family figure would lead this ranking, but it ends up being a self made tech entrepreneur instead:

The self-made founder of Kakao has become the country’s richest person, backed by stock gains this year, according to the Bloomberg Billionaires Index. Bloomberg reported that Kakao Chairman Kim Beom-su, 55, has a net worth of $13.4 billion (15.4 trillion won), which places him at the top of Korea’s wealth rankings. Following him is Samsung Electronics Vice Chairman Lee Jae-yong, with a net worth of $12.1 billion.

Kim’s assets ballooned by more than $6 billion this year as Kakao’s share price surged 91 percent from early January. The tech company’s stock gains were fueled by scheduled listings of multiple affiliates this year, including internet-based lender Kakao Bank, which will make its local stock market debut next month.

Korea Times

You can read more at the link.

Tags:
0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
setnaffa
setnaffa
2 years ago
Korean Man
2 years ago

We would not have ever even dreamed of this happening if the Chaebol-biased rightwing regime was still in place.

https://www.wsj.com/articles/big-tech-startups-spring-up-in-south-korea-11625645201

15 new Unicorn startups, is transforming South Korea’s economy, under the ‘commie’ regime.

https://www.koreatechdesk.com/south-korea-now-has-15-unicorn-startups-baby-shark-wins-the-case/

Korean Man
2 years ago

We would not have seen these new tech startups popping up everywhere, under the Chaebol-biased rightwing Tochak Waegu government.

wsj.com/articles/big-tech-startups-spring-up-in-south-korea-11625645201

15 new unicorn startups under this ‘commie’ regime, transforming the South Korean economy.

koreatechdesk.com/south-korea-now-has-15-unicorn-startups-baby-shark-wins-the-case/

3
0
Would love your thoughts, please comment.x
()
x