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South Korea to release Samsung scion on parole | iNFOnews | Thompson-Okanagan s News Source
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August comes as tough month for Moon s presidency
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Self-made Kakao founder becomes Korea s richest person
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Posted : 2021-07-30 15:00 By Kim Bo-eun
Kakao Chairman Kim Beom-su / Courtesy of KakaoThe 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.
Poll: Two-thirds of S Koreans Support Giving Samsung Heir Parole
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