Children on South Korean Conglomerates Own Nearly W100 Billion in Stocks
David Lee, Sept. 17, 2015, 9:51 a.m.
The children of conglomerate owners hold nearly W100 billion in stocks. According to data from the Fair Trade Commission, 39 children from 15 conglomerates own $81.4 million in stocks.cc
Big business owners often transfer their stocks to their offspring through donations and trusts. GS topped the list with six of the owners' children holding over $60 million worth of stocks. They were followed by an heir from KCC and three from Doosan.