Korea's 50 Richest 2024: AI Frenzy Boosts Combined Wealth To $115 Billion [Forbes]
Merck & Company, Inc. (new) (MRK)
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Source: Forbes
Subscribe to Forbes Asia No. 4, Cho Jung-ho. This story is part of Forbes' coverage of Korea's Richest 2024. See the full list here Although South Korea's benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government's $470 billion plan with the private sector to make the country a global chip production hub. The Kospi's 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country's 50 richest to $115 billion from $106 billion. ss The wealth of nearly half of the listees rose, led by Jay Y. Lee , executive chairman of chipmaking giant Samsung Electronics, who tops the list for the first time. This year's biggest dollar gainer, Lee added $3.5 billion to take his net worth to $11.5 billion. Shares of Samsung Electronics climbed on news that it is developing high-bandwidth memory chips used in AI computing for U.S. tech giant Nvidia. The wealth of la
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MRK
Earnings
- 4/25/24 - Beat
MRK
Sec Filings
- 4/25/24 - Form 8-K
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- MRK's page on the SEC website