Entrepreneurs Supplant Chaebol Heirs as Korea’s Elite

The video discusses the rise of self-made billionaires in South Korea, highlighting figures like Brian Kim of Kakao Corp, who recently became the nation's richest person. This shift signifies a positive transition for the Korean economy, traditionally dominated by large conglomerates. The pandemic has accelerated digital adoption, benefiting these new entrepreneurs. Unlike traditional conglomerate families, these new wealthy individuals are more inclined towards philanthropy, addressing inequality by donating personal fortunes.

How are the new wealthy individuals in Korea approaching philanthropy?

What is the general sentiment about the rise of self-made billionaires in Korea?