SEOUL, Feb. 20 (Korea Bizwire) — In 2014, 46 Korean children earned more than 100 million won (US$ 90,000) from their stock holdings, according to research firm FnGuide.
These children are sons and daughters of CEOs and executives of Korean companies, and the richest of them all is the eleven-year-old daughter of Park Jin-Ho, CEO of Daebong LS, who had the value of her shares in the company increase by more than 2.3 billion won (US$ 2 million) compared to last year, thanks to a three-fold increase in the share price.
The second richest child from stock holdings is the twelve-year-old son of Kwak Dong-Shin, CEO & vice chairman of HANMI Semiconductor. The twelve-year-old has seen an addition of 1.08 billion won (US$ 0.9 million) to the value of his stock holdings.
A grandson of the president of Chosun Refractories, and a son of the president & CEO of Kwang Dong Pharmaceutical also saw additions of 800 million won (US$ 0.7 million) respectively to their wealth.
However, the second son of Huh Yong-soo, vice president of GS Energy, saw a dramatic decrease in the value of his shares in the company as its stock price tumbled.
By J.W. Choi (email@example.com)