normal circumstances, children in
the world are not supposed to make money, much less hold stocks. But
there are many kids in Korea who earn share-related income. Even
1-2 year olds are found to hold stocks exceeding W100 million.
A total of 118 kids under 12 are found to hold stocks worth more
than W100 million as of April 30, according to chaebul.com on May
5. This figure was up 15.7 percent, or 16 kids, from 102 a year
earlier. Two of them hold stocks worth more than W10 billion and
29 own stocks exceeding W1 billion.
12-year-old eldest son of Huh Yong-soo, vice president of GS Energy,
topped the list with stocks worth W42.99 billion, followed by his
9-year-old younger brother with stocks worth W17.46 billion. Next
came seven grandsons aged between 5 and 10 of Lim Sung-ki, chairman
of Hanmi Pharmaceutical, holding stocks worth between W8.4 and W8.6
A 1-year-old nephew of Koo Bon-chun, president of LB Investment,
and a 1-year-old granddaughter of Song Kong-suk, president of Watos
Corea, possess stocks worth W160 million and W100 million, respectively. A 2-year-old
daughter of Kim Hung-joon, chairman of KISCO, is also a rich infant,
with stocks worth more than W100 million. The scions of conglomerate
families are amassing such a big fortune
from dividend income and gains
from stock trading, chaebul.com speculated.