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Lee Kun-Hee of Samsung Group Tops Forbes' Korea Rich List: Nexon's Kim Jung-Ju Biggest Gainer after IPO in Tokyo

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Lee Kun-Hee of Samsung Group Tops Forbes' Korea Rich List: Nexon's Kim Jung-Ju Biggest Gainer after IPO in Tokyo

Singapore, 26 April 2012 - Lee Kun-Hee, the 70-year old chairman of Samsung Group isthe richest man in Korea once again with a net worth of $10.8 billion, up $1.5 billion from the year before, according to the latest Forbes' Korea Rich List 2012. The full list can be found at and in the May issues of Forbes Asia and Forbes Korea, the Korean language edition of Forbes, now on newsstands.

The gain in Lee Kun-Hee's net worth was the second highest after Kim Jung-Ju. The44-year old entrepreneur who founded online gaming company, Nexon, catapulted to third place on the Korea rich list from No. 9 last year.

Kim's wealth has more than doubled in a year from $2.06 billion to $4.3 billion after he listed Nexon in Tokyo in December 2011. The $1.2 billion initial public offering wasJapan's largest of the year. Since the launch the stock has risen 17%. The company expects revenue to grow 25% this year.

Yoon Gil-Joo, editor-in-chief of Forbes Korea, said: "The top rankings on the Korearich list have been linked to chaebols in the past. Kim's success as an entrepreneur is remarkable".

Overall, the collective net wealth of Korea's 40 richest climbed by $500 million to $66.1 billion during a period when the main stock index fell 6.15%. A record 22 billionaires are on this year's list, up from 21 last year. The minimum net worth to be ranked is $515 million, against $525 million last year. Tim Ferguson, editor of Forbes Asia, commented: "We are seeing solid pockets of new superwealth in Korea".

Despite the dip in the KOSPI index last year, a 52% rise in shares of Samsung Electronics propelled Lee Kun-Hee's net wealth. The company chalked up sales of $155 billion and became the world's largest memory chip and flat screen TV manufacturer.

Ranked second place on the list is Chung Mong-Koo, chairman of Hyundai Motor,the world's fifth largest automaker. Chung is valued at $6.6 billion, compared to $7.4 billion last year. In 2011, Hyundai and Kia sold 6.6 million vehicles and their combined US marketshare jumped from 3% in 2001 to 10% a year ago.

The two richest women on the list are Lee Myung-Hee, sister of Lee Kun-Hee, and Lee Boo-Jin, his eldest daughter. Lee Myung-Hee is at No. 11 on the list and heads Shinsegae Group, the country's second largest retailer after Lotte. She is worth $1.68 billion, up from$1.6 billion last year. Lee Boo-Jin is worth $1.23 billion, up from $1.1billion last year.

There are five new faces on this year's list, including one who joined as a billionaire,Lee Joong-Keun, who is ranked No. 20 with a net worth of $1.04 billion. Lee oversees apartment-construction company Booyoung. The others are Park Sung-Soo (No. 32), who started with a tiny clothing shop and is now Chairman of E-Land, a company that has expanded into the fashion, distribution and hotel businesses. The other newcomers are Seo Jung-Jin of Celltrion, the largest biotech company in Korea (No. 31), Lee Joong-Keun (No.20) and Shin Sun-Ho (No. 39). The latter two made their fortunes from real estate.

Two tycoons return to the list after dropping off last year: Lee Hae-Jin of NHN, acompany that operates Korea's widely used search engine Naver, and Lee Joon-Yong ofconstruction company Daelim.

The top 10 richest Koreans are:

1) Lee Kun-Hee; US$10.8 billion

2) Chung Mong-Koo; $6.6 billion

3) Kim Jung-Ju; $4.3 billion

5) Chung Eui-Sun; $3.1 billion

6) Shin Chang-Jae; $2.2 billion

7) Chung Mong-Joon;$2.17 billion

8) Chey Tae-Won; $1.9 billion

9) Shin Dong-Bin; $1.87 billion

10)Shin Dong-Joo; $1.75 billion

The list was compiled using shareholding and financial information obtained from thefamilies and individuals, stock exchanges, analysts, South Korea's Financial Services Commission and other sources. Net worths are based on stock prices and exchange rates as ofthe close of markets on April 13. Privately held companies were valued by comparing them with similar publicly traded companies.

For more information, visit

Licensed in 2003, Forbes Korea is a monthly Korean language publication by Joongang Ilbo, one of South Korea's leading media conglomerates. About one-third of Forbes Korea's content is from Forbes and Forbes Asia; the rest are local stories. Content include news on South Korea's chaebols, entrepreneurs, celebrities, andphilanthropists as well as on the lifestyle and insights of the rich and famous in Korea.

Forbes Media encompasses Forbes and (, the leading business site on the Webthat reaches on average 30 million people monthly. The company publishes Forbes and Forbes Asia, which together reach a worldwide audience of more than 6 million readers. It also publishes ForbesLife magazine, in addition to licensee editions in Africa, Argentina, Bulgaria, China, Croatia, Czech Republic, Estonia, Georgia,India, Indonesia, Israel, Kazakhstan, Korea, Latvia, Middle East, Poland, Romania, Russia, Slovakia, Turkey,and Ukraine.Other Forbes Media Web sites are;;; and Together with, these sites reach on average 36 million business decision makers each month.

Steve Forbes serves as Chairman and Editor in Chief. Mike Perlis is President and Chief Executive Officer.

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Late-Shift Staff More Liable to Depression, Disease

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Workers pulling overdue shifts are two times equallyliable to low as other peopleoperating from nine to five, a find out about finds. A team of researchers led by capability of Noh Myung-sook at Busan Adventist Medical institutiondiscovered that one in 10 those whopaintings 24-hour shifts feel depressed for more than two weeks out of each year. This is twice up to workers who work normal hours.The researchers found that depression is related to suicidal thoughts, stress, sleep patterns and physical labor.Workers pulling 24-hour shifts generally tend to have jobs which are more physically not easy than the onesoperating 9 to five, and so much of complained about insomnia because ofadjustments in their biorhythm that led togreaterrigidity levels. "If a person's herbal rhythm is destroyed due to theabnormal hours, intellectual and physical fitness can become worse and reason depression, lowering gopotency overall", Noh said.A look at in the yankeeMagazine of Preventive Medicationultimate year showed that folks who work more than five years of 24-hour shifts face upperdangers of cardiovascular sicknesses and death. Noh stated employers mustmake certain that workers on 24-hour shifts get some relaxationall the style through job hours and give you thevitalarea at work where they could also bein a position to catch 40 winks.

Netizens say EXO Kai’s nose is wierd in comparison to Sehun’s

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Netizens say EXO Kai’s nose is wierd in comparison to Sehun’s

Koreaboo has amassed reactions from Netizens who commented at thefashioned article from our Korean source. The beneath comments are the most neatly liked comments at the time of this newsletter being published.

f(x)’s Victoria Sports Edgy Glance For Harper’s Bazaar China

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f(x)’s Victoria Sports Edgy Glance For Harper’s Bazaar China

f(x)s Victoria Sports Edgy Glance For Harpers Bazaar Chinaleonid Might 29, 2016 0 f(x)’s Victoria looks spell binding with her unconventional styling for a Harpers Bazaar China photoshoot.

Meanwhile, Victoria is determined to famous personalong Rain in the Chinese melodrama “Endless August,” after filming “My Sassy Woman 2” with Cha Tae Hyun and “My Easiest Friend’s Wedding.”

Watch: VIXX’s Ken Drops Dreamy Collaboration Music “Oversleep” With Yoon Jong Shin

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Watch: VIXX’s Ken Drops Dreamy Collaboration Music “Oversleep” With Yoon Jong Shin

Watch: VIXXs Ken Drops Dreamy Collaboration Tune Oversleep With Yoon Jong Shinan0ya Would possibly 29, 2016 0 The anticipated collaboration unmarried between Yoon Jong Shin and VIXXs Ken has been released!

The music video for the track entitled Oversleep was printedat thenight time of May just 29. This marks the fifth free up from established singer-songwriter Yoon Jong Shins per 30 days collaboration project.

Oversleep describes the sentiments of a tenderguy who has just fallen in love. With his candy yet tough voice, Ken brings the song to lifestyles and proves the depth of his angelic vocals.

Tourism Patterns Slow to Improve

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There were also adjustments to their activities. Buying groceries in Seoul became howeverthe preferredreason why for visiting with 67.8 percent, but that was down 4.5 percentage aspects from a year earlier. As an alternativethere has been a two to 3 percentage-point upward push among people whoacknowledged they got here to Korea to have a look at restaurants or to enjoy the country's type and culture.

For example, 37.4 percent of visitors who visited Busan last year went to the Gukje Market, the maximum importantclassic market in the city, two times every bit many as 2014. A creating number are opting to visitoriginal Korean putsinstead ofthe standard malls.

Lee Hoon at Hanyang University said, "It might bedemandingto draw 20 million tourists by way of 2020 just by pitching the usual tourist points of interest in Seoul. We want tobeef up the quality of tourism content by coming up new attractions outdoor Seoul".

Watch: Two times Wears Fan-Made Outfits For Final “Cheer Up” Performance

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Watch: Two times Wears Fan-Made Outfits For Final “Cheer Up” Performance

Watch: Two times Wears Fan-Made Outfits For Final Cheer Up Functionality leonid Might 29, 2016 0 TWICE wears garments designed via their enthusiasts for their ultimate performance of the hit song “Cheer Up.”

On Could 29, the womanstaff wraps up promotions for their album Page Two on SBS’s “Inkigayo, where they glancefascinating onstage dressed in crimson and mint jerseys.

This used to beshowed by a tweet on TWICEs reliable Twitter account from the day before, where JYP representatives announced that the women were indeed going to wear fan-made designs on “Inkigayo.”

GOT7′s Jackson Provides Hilarious Reaction To question About Prettiest Lady Group

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GOT7′s Jackson Provides Hilarious Reaction  To question About Prettiest Lady Group

GOT7s Jackson Supplies Hilarious ReactionTo question roughly Prettiest WomanWorkforce an0ya Would possibly 29, 2016 0 At theCould 29 broadcast of MBCs typedisplayGenuine Men, GOT7s Jackson gives a hilarious answer to a tricky query about his alternatives for the prettiest girl groups.

In this episode, the recentinfantrymen take turns giving self-introductions to their fellow solid members. Jackson greets all and sundrythrough saying, Im GOT7s Jackson. GOT7 is a collection that knows how to do martial arts. Am i in a position to demonstrate?

Earning cheers and shouts from the audience, Jackson impresses all people alongside his tumbling. When asked if his feet dont hurt after the serious moves, he immediately confesses, They hurt.

Ha Jung Woo Suggests The manner To A Woman’s Center Is thru Her Stomach?

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Ha Jung Woo Suggests The manner To A Woman’s Center  Is thru Her Stomach?

Ha Jung Woo Suggests The manner To A Womans CenterIs thru Her Stomach?an0ya Might 29, 2016 0 Actor Ha Jung Woo has revealed what he does to win over the hearts of women.

On the Could 29 broadcast of MBCs Phase TV, the stars of The Handmaiden take a seat down for an interview forward of the predicted domestic premiere scheduled for June 1. The majorsolidlately made headlines for their industrygo back and forth to Cannes Movie Festival.

When asked how he impresses the ladies, Ha Jung Woo brings up the case of his co-star Kim Min Hee and says, Ive been handing over coffee and pastries to her, suggesting that the way to a womans heart is indeed through her stomach.

Seoul Swelters in Most up to date Might in History

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Temperatures rose to over 30 degrees Celsius in Seoul for the fourth instantly day on Sunday, making this the freshestMight in 66 years, the Korea Meteorological Management said. The remaining time the mercury climbed over 30 degrees in May justused to be in 1950 when it took place for 4 consecutive days between May additionally 27 and 30. Temperatures reached 32 to 33 degrees in Seoul from Thursday to Sunday last week and around 30 degrees in other parts.

The KMA blamed hot air carried into Korea from Mongolia and northerly China by skill of northwesterly winds and trapped here by an anticyclone. The choice of days in Also can when temperatures exceeded 30 degrees in Seoul rose from 0.2 days in the 1980s to 1.7 days in the 2010s. The warmth wave will gradually wind down beginning Monday with rain forecast national for Tuesday. Monday's prime is forecast at 29 degrees, plunging to 18 to 23 on Tuesday around the country earlier than the rain stops on Tuesday night.

Korean woman blowing up on Instagram on account of her insane visuals

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Korean woman blowing up on Instagram on account of her insane visuals

Known for her stunning face and perfect proportions, the type has briefly established herself as one of the vital premier Instagram stars in Korea. With her posts being a combination of either quirky and sexy, fans no doubtdiscovered her very fascinating and lovable. In fact, some even believe her more sexy than the maximum up to date K-pop idols such as AOASeolhyun.