According to a 2016 analysis of Forbes data on billionaires around the world, nearly three quarters of all South Korean billionaires inherited their wealth. Korea FM reporter Chance Dorland spoke with Caroline Freund, a senior fellow at the Peterson Institute For International Economics, to learn why, despite the worldwide trend of self-made billionaires outnumbering individuals born into wealth, 74% of South Korea’s richest citizens are not self made. Dorland also spoke with Seoul-based Forbes reporter Grace Chung to find out how Forbes tracks South Korean billionaires, & how the trends they’re seeing now will play out in the future.
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The post Most South Korean Billionaires Inherited Their Wealth appeared first on Korea FM.
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