[THE INVESTOR] Hanmi Pharmaceutical Chairman Lim Sung-ki’s seven underage grandchildren topped the nation’s youngest stock rich list, according to data from Korea Exchange on Oct. 13.
The Hanmi scions, aged between nine and 14, each held more than 60 billion won (US$53 million) worth stocks in Hanmi Science, holding company of the Korean drug giant, as of Sept. 29. The total amount reached 420 billion won.
The grandchildren inherited 1.1 percent stake each in the KOSPI-listed firm in 2012 when Hanmi set up the holding company.
They were followed by the four offsprings of GS Holdings Chairman Huh Chang-soo who owned stocks worth a combined 98.7 billion won in the company.
The youngest stock rich was a three-year-old grandson of steel maker DCM Corp. Chairman Chung Yeon-taek, who had 80,000 shares worth 100 million won in the company.
Stocks owned by underage people reached 1.4 trillion won as of the end of 2016 and their dividends earnings amounted more than 14 billion won in total.
By Park Ga-young (firstname.lastname@example.org)