Portrait of Hong Seok-joh

Rank #3312

Hong Seok-joh

Net worth $1.1B

Convenience stores · South Korea

Born
Jan 08, 1953
Age
73
Source
Convenience stores
Residence
Seoul
Citizenship
South Korea
Marital status
Married
Children
1
Education
Master of Laws, Harvard University; Law Degree, Seoul National University

Net worth over time

Biography

  • Hong Seok-joh heads BGF Retail, one of Korea's largest convenience store companies.
  • Operating under the brand name CU, BGF boasts more than 18,000 stores.
  • His sister, Hong Ra-hee, is the widow of the late Samsung Group chairman Lee Kun-hee.
  • Prior to his start in the business, Hong was a prosecutor.
  • The business got its start in 1989 via a franchise-licensing agreement between the Hong family's Bokwang Group and Japanese convenience store operator FamilyMart.
  • His late father was the chairman of JoongAng Ilbo, one of South Korea's largest newspapers.

Financial assets

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