Bae Yong-joon, Businessman Extraordinaire
Monday July 24, 2006 Korea
Everyone’s favorite son-in-law Bae Yong-joon should soon have the letters CEO on his name card. He is already regarded as something of an entertainment magnate as the largest shareholder of a Kosdaq-listed company and runs three restaurants at home and abroad.
The actor is the major shareholder of entertainment firm Keyeast with a 42.2 percent stake worth more than W50 billion (US$1=W950) at Friday’s closing price. Bae bought Keyeast in March when it came close to being de-listed, changing its name from Ottowintech. He is believed to be managing some W80 billion, including his investments in restaurants and his Japanese agency.
Bae paid W7 billion in taxes last year. Softbank Korea, Bae’s co-investor in Keyeast, says the investment decision came at the actor’s proposal, who therefore “naturally” owns the largest stake. However, Bae will not directly take part in management, Softbank Korea President Greg Moon said.
But unlike other celebrities who just lend their name to business companies for promotion effects, Bae does now take a key part in the company’s management. Most Keyeast executives including CEO Bae Sung-woong are the actor’s former managers and have worked with ........... article cutted to conserve bandwidth
Monday July 24, 2006 Korea
Everyone’s favorite son-in-law Bae Yong-joon should soon have the letters CEO on his name card. He is already regarded as something of an entertainment magnate as the largest shareholder of a Kosdaq-listed company and runs three restaurants at home and abroad.
The actor is the major shareholder of entertainment firm Keyeast with a 42.2 percent stake worth more than W50 billion (US$1=W950) at Friday’s closing price. Bae bought Keyeast in March when it came close to being de-listed, changing its name from Ottowintech. He is believed to be managing some W80 billion, including his investments in restaurants and his Japanese agency.
Bae paid W7 billion in taxes last year. Softbank Korea, Bae’s co-investor in Keyeast, says the investment decision came at the actor’s proposal, who therefore “naturally” owns the largest stake. However, Bae will not directly take part in management, Softbank Korea President Greg Moon said.
But unlike other celebrities who just lend their name to business companies for promotion effects, Bae does now take a key part in the company’s management. Most Keyeast executives including CEO Bae Sung-woong are the actor’s former managers and have worked with ........... article cutted to conserve bandwidth
