Most South Korean Billionaires Inherited Their Wealth

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.Rate & Review this podcast at http://bit.ly/KFMReviewStream the episode online at http://www.spreaker.com/user/seoulitup/most-south-korean-billionaires-inheritedDownload the full episode at http://api.spreaker.com/download/episode/10634570/south_korean_billionaires_inherited_wealth.mp3Subscribe to this & other Korea FM original content via:iTunes - http://apple.co/1O91B39Overcast - http://bit.ly/KFMovercastRSS - http://bit.ly/KFMfeedStitcher - http://bit.ly/KFMstitcheraudioBoom - http://bit.ly/KFMaudioBoomPlayer FM - http://bit.ly/KFMplayerfmTunein - http://bit.ly/KFMtuneinAcast - http://bit.ly/KFMacast