Cho Yang-Rai Net Worth is$Million
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This is an incomplete list of Korean billionaires and multi-millionaires, and also describes wealth in Korea.
There are several published Korean rich lists within Korea including ones issued by the wealth valuation company Equitable, the Digital Times, Korea Times, and other major Korean publications. In addition, Forbes magazine, Merrill Lynch, and other chroniclers of the power elites of the world have found sufficient high profile rich in Korea as to generate accurate numbers and reasonable deductions.
Forbes magazine has hinted at Korea having at the very least 7 high billionaires living on the peninsula, and at least ten families alone who control in the high billions in assets.
Sociological research in Korea into the great families of wealth and privilege has not been forthcoming, so much more work has been done abroad by American and European publications such as Forbes, The Asian Wall Street Journal, and The Economist magazine as well as merchant banking units from Merrill Lynch and other holders of massive private fortunes. Internally, Korean newspapers have exercised great caution, and declined to compile lists of the rich, how they became rich, or mapped great holdings of wealth; this changes as foreign banks publish such material abroad, and articles then find their way back into Korea through the internet and foreign banking and financial publications.
Most Korean corporations, even public ones, do not as a habit list salaries of chief executives, presidents, or stock benefits to members of their boards. Individuals rarely disclose salaries, or bonuses, and there is no real attempt to open corporate books to the public, or to shareholders to indicate substantial shareholders so determining the hierarchy of the rich is difficult.
It may be assumed that a yardstick to compile salaries of corporation heads is to go down the middle between American and Japanese salaries for comparable industries, based on gross volumes of sales, number of emp

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Cho Yang-Rai Latest News

Samsung chairman richest Korean for 9 straight years

Among the 50 richest, Kim Bom, CEO of Coupang, the nation's leading e-commerce player, was the youngest at 38, while Hankook Tire Chairman Cho Yang-rai was the oldest at 79. Kim ranked 41st with $950 million and Cho was at 35th with $1.08 billion.
Posted: April 28, 2017, 10:28 am

Daimler deal allows Hankook Tire to expand into premium market

Hankook Tire, a family-controlled business owned by Chairman Cho Yang-rai, also counts Audi AG, Honda Motor Co., Volkswagen AG, General Motors Co. and Ford Motor Co. among its customers, in addition to Hyundai Motor Co. and affiliate Kia Motors Corp ...
Posted: September 3, 2013, 8:46 am

Nepotism remains prevalent at Korean chaebols

At Hankook Tires, the third generation has more or less assumed the management reins, with Hankook Tire Worldwide chairman Cho Yang-rai’s oldest son Hyun-sik, 47, rising from Worldwide CEO to general vice chairman, and second son Hyun-bum, 45 ...
Posted: December 11, 2017, 1:39 am
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