April 20, 2024

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[THE INVESTOR] Most Korean superrich in terms of stock were found to live in Yongsan-gu in central Seoul, data showed Sunday.

According to corporate information provider Chaebul.com, 19 percent or 48 out of 243 rich individuals owning over 100 billion won ($88 million) of stocks live in Hannam-dong and Itaewon, which are both in Yongsan-gu, Seoul. Among them, 14 were found to have possessed over 1 trillion won of stocks. 

The Itaewon residents include AmorePacific CEO and Chairman Suh Kyung-bae as well as those from the Samsung family -- Chairman Lee Kun-hee, Samsung Electronics Vice Chairman Lee Jae-yong and Samsung C&T fashion business chief Lee Seo-hyun.

Those living in Hannam-dong include Hyundai Motor Group Chairman Chung Mong-koo, SK Group Chairman Chey Tae-won, LG Group Chairman Koo Bon-moo, Shinsegae Group Chairwoman Lee Myung-hee and SDJ Corp. Chairman Shin Dong-joo.

The total stocks that the 243 superrich own amount to 122.5 trillion won, with each having 504 billion won on average.

The average stock assets of the superrich living in Hannam-dong and Itaewon was 1.28 trillion won per person, the highest in the country.

Those who stay in Seongbuk-dong in Seongbuk-gu, northern Seoul, ranked second with 314 billion won per person, followed by those living in Bundang in Gyeonggi Province, with 343 billion won.

Seongbuk-dong is home to 24 of the stock rich, including BGF Retail Chairman Hong Suk-jo, Hyosung President Cho Hyun-joon and Hyundai Group Chairwoman Hyun Jeong-eun.

Meanwhile, the Gangnam region of southern Seoul -- Gangnam-gu, Seocho-gu and Songpa-gu –- houses 38 percent of the stock rich, with many being the second generation of chaebol or those who got rich through the venture business. The latter includes NHN Chairman Lee Hae-jin, NHN Entertainment Chairman Lee Joon-ho, KaKao Corp. Chairman Kim Beom-su and NCSoft Chairman Kim Taek-jin.

Those among the second generation of Chaebol families include Suh Min-jung, the eldest daughter of AmorePacific chairman.

The superrich who wish to reside out of Seoul mostly prefer Bundang in Seongnam, Gyeonggi Province, and Haeundae in Busan.

Shinsegae Group Vice Chairman Chung Yong-jin and LS Group Chairman Koo Ja-yeol reside in Bundang, while Nexen Tire Chairman Kang Byung-joong and Cuckoo Electronics Chairman Koo Ja-shin live in Haeundae.

By Lee Hyun-jeong (rene@heraldcorp.com)