Many S Koreans becoming superrich, with more owning stock investments of at least 10 billion won
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금리 오른다 …서학개미, 채권ETF에 러브콜
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By Yi Whan-woo
Up to one in four stock rich individuals are retail investors, according to two separate financial institutions, suggesting the self-made are expanding their presence among heirs of conglomerates and others who gain their fortunes through inheritance.
FnGuide, a financial market researcher, said Sunday the number of retail investors with shares worth more than 10 billion won ($8.9 million) stood at nearly 700 last year, up from 500 in 2019.
They were a part of the 2,100 wealthiest stockholders up from 1,700 a year earlier.
The 2020 figure makes retail investors one third of the total number of wealthy stockholders.
The majority of the listed individuals are the largest shareholders of listed companies, many of them new generations of leaders from family-controlled conglomerates, as well as their immediate family members and others who maintain special relations with the company.