Female billionaires on the rise in Korea. Women of various ages from their early 20s to their 70s took the top slots on the ranking of the richest women, but all of them were born into a wealthy family or had an affluent husband. About half of them were involved in managing a company. Here are the top five richest women in South Korea and their real time net worth as of 2020.

The 5 Richest South Korean Women 2020


1. Lee Boo-jin ($1.3B)



Lee Boo-jin ($1.3B)

Lee Boo-jin (born 1971) is a South Korean billionaire businesswoman, and the president and chief executive of Hotel Shilla, one of Seoul's leading hotels and conference centres. She is the daughter of Lee Kun-hee, the billionaire chairman of Samsung Group. She earned a bachelor's degree from Yonsei University, major in Children's Studies.

2. Lee Seo-hyun ($1.2B)


Lee Seo-hyun ($1.2B)

Lee Seo-hyun oversees the Samsung Welfare Foundation, a charity founded by her father Lee Kun-hee, the chairman of Samsung Electronics. In December 2018, she stepped down as president of the group's fashion division, Samsung C&T, a post she held for three years.

3. Lee Myung-hee ($1.14B)


Lee Myung-hee ($1.14B)

Lee Myung-hee is the chairwoman of Shinsegae Group with interests in fashion, hospitality, food and beverage and other sectors. She is the youngest daughter of late Samsung Group founder, Lee Byung-Chull, and a sister of Samsung chairman Lee Kun-Hee. Her Shinsegae International imports and distributes around 30 premium brands, including Alexander Wang, Brunello Cucinelli and Celine. The bulk of her wealth comes from E-Mart, which went public in 2011 and is now the country's biggest discount retail chain. Shinsegae was part of the Samsung Group until it split off in 1991, four years after the founder's death.

4. Chey Ki-won ($1.11B)


Chey Ki-won ($1.11B)

Chey Ki-won is the younger sister of SK Group chairman Chey Tae-Won. Her 7% stake in SK Holdings accounts for most of her wealth. She chairs SK's Happiness Sharing Foundation, which conducts educational programs for poor children and sets up and runs social enterprises.

5. Lee Hwa-kyung ($935M)


Lee Hwa-kyung ($935M)

Lee Hwa-kyung is the vice chairwoman of Orion, one of the country's oldest and most popular confectionery groups. In 2017 she was indicted of embezzling $356,000 through moving company-owned artworks to her home; critics say the blame has shifted from her husband. Her husband, Dam Chul-gon, who chairs the group, was acquitted of charges of embezzlement and tax evasion in an ongoing case that started in 2011. The second daughter of Lee Yang-koo, founder of Dongyang (precursor to the group), Lee also runs Orion's entertainment business Showbox. Lee holds nearly a 33% stake in Orion Holdings, while her husband owns 29%.

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