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More than 320,000 Rich People in S. Korea

SEOUL, Oct. 1 (Korea Bizwire) — There are currently 323,000 rich people in South Korea who own financial assets worth more than 1 billion won (US$833,750), up by 13,000 since last year. The KB Financial Group Institute of Management reported that the wealthy population in South Korea increased by 4.4 percent between 2017 and 2018, [...]

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. [...]