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Although South Korea’s benchmark Kospi index was one of the worst performers in Asia last year, it rebounded in 2024 fueled by investor frenzy over AI and the government’s $470 billion plan with the private sector to make the country a global chip production hub. The Kospi’s 11% rise, since we last measured fortunes 12 months ago, lifted the collective net worth of the country’s 50 richest to $115 billion from $106 billion.<br/><br/>This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, annual reports, analysts, government agencies and other sources. Net worths were based on stock prices and exchange rates as of the close of markets on April 2, 2024 and private companies were valued based on similar companies that are publicly traded. Real-time net worths on Forbes.com may reflect different valuations. The ranking lists both individual and family fortunes, including those shared among relatives and may differ from the World’s Billionaires List, which includes individual fortunes with net worths as of March 8. The list can also include foreign citizens with business, residential or other ties to the country, or citizens who don’t reside in the country but have significant business or other ties to the country. The editors reserve the right to amend any information or remove any listees in light of new information.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/korea-billionaires/?sh=745f04012222<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Korea's 5 Richest Billionaires 2024
⏲ 3:36 👁 1.3M
Western CPE
[FAQ Video] Are EIDL Grants taxable?
⏲ 6 minutes 12 seconds 👁 1.5K
Skip
Major $10,000 Grant Program Fast Application
⏲ 4 minutes 34 seconds 👁 2.8K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 3.8M
Matthew Lesko
NEW $10,000 GRANTS! NO SSN Required, NO Credit Checks. Never Pay Back
⏲ 8 minutes 26 seconds 👁 10.9K
She Boss Talk
10 GOVERNMENT GRANT & TAX CREDITS FOR SMALL BUSINESS| FREE MONEY | SHE BOSS TALK
⏲ 54 minutes 25 seconds 👁 1.1K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed
⏲ 1:29 👁 9.2M
Matthew Lesko
Get Free Tax Help And $1,000 Grant To Help Pay Taxes or Living Expenses
⏲ 7 minutes 35 seconds 👁 673
Matthew Lesko
Grants Still Available $65,000 For Your Mortgage and Property Taxes and $10,000 For Utilities
⏲ 4 minutes 3 seconds 👁 352
Kalaburagi, Karnataka: On the fake video of Union Home Minister Amit Shah, Telangana CM Revanth Reddy says \
Amit Shah Fake Video Row: Revanth Reddy says PM Modi using Delhi Police to win elections | Oneindia
⏲ 3:4 👁 3.4M
Mr Short Dollars
May 2024 Small Business Grants
⏲ 7 minutes 16 seconds 👁 367
Nguyen CPAs
EIDL Grant Update -Full $10,000 Explained
⏲ 9 minutes 6 seconds 👁 931
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