Wealth Of Korea's 50 Richest On Forbes List Rises To $115 Billion [Forbes]
Merck & Company, Inc. (new) (MRK)
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Source: Forbes
2024 Forbes list rose slightly to US$115 billion from $106 billion, amid the country's global chipmaking ambitions. The complete list can be found here , as well as in the April/May issue of Forbes Asia and the May issue of Forbes Korea. 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, South Korea's benchmark Kospi index rebounded in 2024 from being one of the worst performers in Asia last year. The 11% rise in the Kospi index lifted the collective wealth of Korea's 50 richest. Nearly half of the listees are richer than a year ago, led by Jay Y. Lee, executive chairman of chipmaking giant Samsung Electronics, who tops the ranking for the first time. Lee is this year's biggest dollar gainer and his net worth rose to $11.5 billion from $8 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 Nvid
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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