Bo-eun leads the digital content team. She has covered foreign affairs, North Korea, tech, economy and gender issues at The Korea Times. She did a short stint at the South China Morning Post in Hong Kong, where she obtained a new perspective on news production and life. Small sources of joy for her are lounging in the sun, having a good latte and swimming.
Chaebol minors own 100 billion won of shares
Thirty-nine minors of conglomerate-owner families hold shares of affiliates worth about 100 billion won ($85 million), data shows.
According to data from the Fair Trade Commission _ requested by the National Assembly’s National Policy Committee’s Rep. Shin Hak-yong of the New Politics Alliance for Democracy _ minors of 15 chaebol-group families owned shares valued at 96.2 billion won as of Sept. 8 in the 2014 fiscal year. This equates to each holding shares worth some 2.5 billion won.
Six under-aged relatives of the GS Group owned the largest amount at 71 billion won. This means each owns an average of 11.8 billion won of shares. They were found to have shares in eight listed and unlisted affiliates, such as the group's construction arm, GS E&C, and investment company Seungsan.
As for construction materials group KCC, one relative owned 10.7 billion won of KCC shares.
In the case of Doosan Group, three minors held a total of 3.7 billion won of shares in Doosan, Doosan Engineering & Construction and Neo Holdings.