No. 1, Michael Kim.
Jamel Toppin for Forbes Asia
This tale belongs to Forbes’ record on South Korea’s wealthiest 2025. See the complete checklist below
South Korea experienced its most significant political dilemma in years, set off by then-President Yoon Suk Yeol’s statement of martial regulation in December, that was put on hold and at some point impeached. The chaos and united state tolls have actually impacted the nation’s benchmark KOSPI index, which has actually gone down 15% considering that we last determined destiny. The nation’s 50 wealthiest cumulative total assets was up to $99 billion from $115 billion in 2014.
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The destiny of 32 individuals has actually decreased, consisting of the destiny of exclusive equity Michael King,,,,, Although his total assets went down a little to $9.5 billion, he recouped starting point after a year’s space. His MBK companion ended up being a prominent limelight after experiencing monetary troubles at its debt-debt Homeplus grocery store chain and making an application for business recuperation.
riches Jay Y. Lee Samsung Electronic devices’ exec chairman, additionally dropped by $3.7 billion to $7.8 billion, dropping from the most affluent individual in 2014 to 2nd area. The business is slow-moving to drive the AI boom, making it among the laggards in technology supplies.
The most significant gain in USD this year is Meritz Financial Team Chairman Cho Jung-Ho his riches climbed by $1.5 billion to $7.7 billion, and he climbed up right into an area to end up being the 3rd wealthiest male in the nation. Financial Heavyweight reported that web revenue in 2024 was 23 trillion won (US$ 1.6 billion) after its insurance coverage and protections device merging.
An additional good luck that was struck was Kwak Dong Shin chairman and chief executive officer of Hammi Semiconductor, whose riches was up to greater than two-thirds to $1.25 billion. As earnings development sheds energy, semiconductor product packaging devices suppliers have much more than fifty percent of their supplies.
The most significant gain in percent is The park is quick Alteogen, founder and chief executive officer of Biotech’s Alteogen, expanded 68% to $2.4 billion after authorizing a collection of rewarding licensing arrangements. In March, it authorized 2 $1.4 billion well worth of worth with pharmaceutical gigantic Astrazeneca to utilize its enzyme modern technology to create subcutaneous (infused under the skin) cancer cells medicines.
There are 3 brand-new immigrants this year: Kim Jung-soo & Chun In-Jang the pair behind Samyang Foods obtained the lift from abroad sales of spicy Buldak noodles. Kim Hyung-Tae the on the internet video game programmer’s owner change climbed, signing up with the position after increasing $320 million in South Korea’s 2nd biggest listing in 2014. and Jung Sung-jae owner of Medical Aesthetic Tools Business, has actually seen a 50% share boost as a result of the expanding trend for K-Beauty.
After leaving the bus, 4 checklists went back to the positions Lee Hwa-kyung possesses a risk in Orion Holdings, moms and dads of the Sweet and Food Team started by her late daddy Lee Yang-gu. 7 individuals did not breakthrough in 2014, consisting of previous billionaire Ryu Kwang-Ji, whose chemicals and electrical automobile battery manufacturer Kumyang has actually reduced as a result of electrical automobile sales. The checklist’s minimal total assets dropped from $775 million in 2014 to $665 million.
Complete protection of the wealthiest in South Korea in 2025:
Records by John Kang and Zinnia Lee.
Method:
The checklist is prepared utilizing equity and monetary details acquired from houses and people, stock market, yearly records, experts, federal government firms and various other resources. Internet properties are based upon supply costs and currency exchange rate at the end of the marketplace on April 7, 2025, and exclusive firms are valued based upon the worth of comparable firms that are openly traded. Real-time web properties on forbes.com might mirror various evaluations. The ranking checklists specific and family members fate, consisting of ones shared amongst loved ones, and might vary from the checklist of billionaires on the planet, consisting of specific fate since March 7 to March 7. The checklist might additionally consist of international residents with organization, home or various other nations or various other nations or various other nations that have organization, home or various other nations or various other nations that have no home with the nation or are not staying in the nation. Editor schedules the right to change any type of details or erase any type of checklist based upon the brand-new details.
