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More children generation inherited stocks from leaders of major conglomerates Updated: 2021-10-27 13:45:46 KST

There has been an increase in the amount of stocks inherited by children of leaders of major conglomerates in South Korea.
The proportion of next-generation holders of company stocks soared close to 10 percentage points over the past two years.
The total percentage is 43.six percent as of October.
According to the company evaluation website 'CEO score' on Wednesday data compiled from 60 local firms, including Samsung, Lotte, and Shinsegae show that the succession process is on-going.
After Samsung chair Lee Kun-hee's stocks were passed down to his children this April they now hold roughly 73 percent of the stock up from 34 percent in 2019.
KOGL : Korea Open Government License
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