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S. Koreans Define Middle Class as Households with 770 mln Won in Assets

S. Koreans Define Middle Class as Households with 770 mln Won in Assets

SEOUL, July 2 (Korea Bizwire) — A recent survey revealed that South Koreans define the middle class as households with more than 700 million won (US$582,300) in assets. According to the “2020 Middle Class Report” released on Wednesday by NH Investment & Securities Co.’s 100-Year-Old Research Institute, a majority of respondents replied that four-person households [...]

Biopharmaceutical Stock Owners Make Big Gains in Assets

Biopharmaceutical Stock Owners Make Big Gains in Assets

SEOUL, Jan. 29 (Korea Bizwire) — Stock values for stakeowners of biopharmaceutical companies nearly doubled over the past year, with Celltrion leading the pack, data showed Sunday. According to Chaebul.com, which tracks corporate records, 32 people each owned more than 100 billion won (US$93.76 million) worth of shares in biopharmaceutical firms as of Friday’s closing. [...]