Kakao’s Kim eclipses Samsung heir as South Korea’s richest man
Al JazeeraBrian Kim, who is now worth $13.4bn, upended Samsung’s heir to become Korea’s wealthiest man. Brian Kim, the founder of South Korean messaging giant Kakao Corp., has seen his fortune jump by more than $6 billion this year, propelling him to the top of the country’s wealth ranking. “Expectations have built up ahead of the listings of Kakao’s key units,” said Hyunyong Kim, an analyst at Hyundai Motor Securities Co. in Seoul. Kakao Pay Corp., the country’s largest online-payments service, was scheduled to debut on Aug. 12, but the listing was delayed after the Financial Supervisory Service, a regulator, asked it to revise its prospectus. The pandemic helped spur demand for Kakao’s mobile-platform services as people reduced face-to-face interactions, according to Kim of Hyundai Motor Securities.
History of this topic
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