Wealth management industry gains traction in South Korea

Pedro Gonçalves
Wealth management industry gains traction in South Korea

South Korea's wealth management services market is experiencing a boost as an increasing number of HNWIs in Asia's fourth-largest economy look for professionals to manage their assets. "Over the past few years, a new breed of rich people has sprung up. Startup founders in the IT field and young rich people who inherit their parents' wealth in advance are emerging as prime targets for wealth managers," Shin Dong-il, deputy head of KB Kookmin Bank's Gangnam Star PB center in Southern Seoul, ...

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