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Self-made billionaires overtaking old-money tycoons in South Korea

SEOUL • A new elite of uber-rich entrepreneurs is shooting up the wealth rankings in South Korea, overtaking the families behind the country's decades-old sprawling conglomerates known as chaebol.. Read more at straitstimes.com.

The New Rich Are Overtaking Old Money in Korea s Billio

A new elite of uber-rich entrepreneurs is shooting up the wealth rankings in South Korea, overtaking the families behind the country’s decades-old sprawling conglomerates known as “chaebol.”

New rich are overtaking old money in South Korea s billionaire rankings

New rich are overtaking old money in South Korea s billionaire rankings
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

In South Korea, self-made billionaires are overtaking old-money tycoons

In South Korea, self-made billionaires are overtaking old-money tycoons
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.

Korean Covid-19 Test Maker Prepares For IPO Amid Revenue Leap, Founder To Become Billionaire

Korean Covid-19 Test Maker Prepares For IPO Amid Revenue Leap, Founder To Become Billionaire Share to Facebook COURTESY OF SD Biosensor Cho Young-sik, founder of Covid-19 test maker SD Biosensor, is set to become a billionaire this month, when the South Korean company is expected to list its shares on the Korea Exchange. SD Biosensor is offering 12.4 million shares at a price range of 45,000 won to 52,000 won apiece. At the midpoint of that range, the deal could raise 603 billion won (about $530 million) and value the company at 4.9 trillion won. The subscription period is to start July 8 and end July 9. The company says it plans to use the proceeds to expand production lines, diversify its product portfolio and expand its presence in Europe and South America.

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