Against the background of the world’s electric vehicles, the shares of the South Korean chemical company Chunbo increased by 69.79 percent over the past year, which allowed it to the founder and the Director-General Lee Sang-Ryul to get rich greatly. The appearance of a new billionaire reports Forbes.
60-year-old Lee is the largest Shaunbo shareholder owning almost 34 percent of shares. His wife, part-time the second general director of the company, owns 10 percent. Approximately the same percentage shared their daughters among themselves. Forbes estimates its own family capital of 1.2 billion dollars.
Chemical company Chunbo in the South Korean city of Chhunda produces substances that allow lithium-ion batteries used in electric vehicles, increase the service life and less frequently discharged. The company’s list of Customer’s clients includes the Chinese CONTEMPORARY AMPEREX TECHNOLOGY AND SAMSUNG SDI battery manufacturer, which is included in the Samsung Conglomerate Group and is responsible for creating batteries. Chunbo also produces chemicals used for the production of displays, pharmaceutical preparations and semiconductors.
The company reported that in 2020, the revenue increased by 15 percent to 155.5 billion Vaughn (131.7 million dollars), and net profit increased by 19 percent to 27.4 billion Vaughn (23.2 million dollars). It is expected that in 2021, Chunbo’s revenue will be 250 billion out (214 million dollars), while the sector serving the production of batteries will have about 70 percent of the group revenue.
According to Forbes, the state of other billionaires around the world also increased dramatically against the background of boom of electric vehicles, which is associated with tightening rules for the regulation of harmful elections around the world. Against this background, the success of the head of Tesla Ilona Mask, which at the beginning of 2021 briefly overtook the founder of Amazon Jeff Bezness, becoming the richest man in the world. As of September 9, Mask takes different positions in different ratings: in Forbes, the entrepreneur keeps the second line, and in Bloomberg – the first.