According to a 2016 analysis of Forbes data on billionaires around the world, nearly three quarters of all South Korean billionaires inherited their wealth. Korea FM reporter Chance Dorland spoke with Caroline Freund, a senior fellow at the Peterson Institute For International Economics, to learn why, despite the worldwide trend of self-made billionaires outnumbering individuals born into wealth, 74% of South Korea’s richest citizens are not self made. Dorland also spoke with Seoul-based Forbes reporter Grace Chung to find out how Forbes tracks South Korean billionaires, & how the trends they’re seeing now will play out in the future.
This episode is brought to you by Podcast Assist & its $30 per hour flat rate podcasting voice overs, editing, mastering, transcriptions & even hosting (select a topic, they’ll create & host the podcast). Visit Facebook.com/PodcastAssist for more information.
Interview answers, both in written & audio form, have been edited for length & clarity.
Rate & Review this podcast at bit.ly/KFMReview
Subscribe to Korea FM Talk Radio & News Podcasts via:
Listen to Korea FM Talk Radio & News Podcasts online via:
Overcast – http://bit.ly/KFMovercast
Stitcher – http://bit.ly/KFMstitcher
audioBoom – http://bit.ly/KFMaudioBoom
Player FM – http://bit.ly/KFMplayerfm
Tunein – http://bit.ly/KFMtunein
Acast – http://bit.ly/KFMacast1
RSS – http://bit.ly/KFMrss
iTunes – http://apple.co/1O91B39