Introducing: South Korea's richest 2019
was up 11%, raising his rank to No. 18 from No. 24. Thanks largely to a hit mobile game, Lineage M, shares at his NCSoft rose by a third. Lineage M has since its launch in June 2017 generated 2 trillion won in sales and held the top spot on the Google Play Store.Kim Sang-yeol makes his debut after his Hoban Construction merged with a subsidiary ahead of a potential IPO, more than doubling its net assets.
While his son Kim Dae-heon, 31, holds nearly 55% of the company, has attributed the fortune to his father, Hoban’s founder, who likely maintains control. Other newcomers include Kim Jung-woong of cosmetics maker GP Club, which scored big with facial sheet masks in China; and Chang Byung-gyu, who secured an investment from China’s Tencent, which valued his online gaming outfit Krafton at $5 billion.
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