MediAvataar's News Desk
Kim Beom-su of internet giant Kakao is No.1 for the first time
The combined wealth of the tycoons on the 2022 Forbes list of Korea’s 50 richest declined by 17% to US$130 billion, from $156 billion in 2021. For the first time in a decade, none of the billionaires on the list has a double-digit fortune. The complete list is available here as well as in the April/May issue of Forbes Asia and the June issue of Forbes Korea.
Despite South Korea’s export-led economy growing 4% in 2021, its stock market was Asia’s second-worst performer over the past 12 months. As interest rates rose and investors retreated, the benchmark Kospi index fell 13% since fortunes were last measured in May 2021.
Kakao founder and self-made billionaire Kim Beom-su is the new No.1 with $9.6 billion. His fortune declined by $1 billion from last year, as a string of controversies weighed down the internet giant’s stock. Samsung’s Jay Y. Lee retains the No. 2 spot with $9.2 billion. His fortune too fell from $12.4 billion last year.
At No. 3 for the first time is private equity billionaire Michael Kim, who bucked the trend to become this year’s biggest gainer in both percentage and dollar terms. Kim more than doubled his net worth to $7.7 billion after New York-based Dyal Capital Partners acquired a minority stake in his privately held MBK Partners at a valuation of nearly $9 billion.
Last year’s list topper Seo Jung-jin slipped to No. 4 with $6.9 billion, down $5.6 billion, or 45%. Shares of his drug-maker Celltrion fell amid disappointment that its Covid-19 antibody treatment has yet to secure U.S. regulatory approval. Rounding out the top 5 on the list is Kwon Hyuk-bin of video games developer Smilegate, who also saw his fortune fall to $6.85 billion from $9.5 billion in 2021.
Coupang founder Bom Kim, who was last year’s biggest gainer following his company’s blockbuster IPO in March 2021, saw his net worth decline the most in percentage terms. As losses mounted at the New York Stock Exchange-listed e-commerce company, his wealth halved to $3.2 billion. The Harvard Business School dropout comes in at No. 14, down seven spots from last year.
Three out of the seven new faces this year are startup founders. Making his debut is fintech unicorn Viva Republica’s Lee Seung-gun (No. 36, $1.2 billion), who is also featured on the cover of the April/May issue of Forbes Asia. With a blockbuster funding round in the works, Lee is taking his finance superapp Toss to its next stage with a big push in Southeast Asia.
Other newcomers include Dunamu cofounders Song Chi-hyung (No. 9, $3.7 billion) and Kim Hyoung-nyon (No. 22, $1.95 billion), who run South Korea’s largest cryptocurrency exchange Upbit. Yoo Jung-hyun (No. 15, $3 billion) makes her debut following the sudden death of her husband, Kim Jung-ju, in February. Yoo’s 14% stake in online gaming giant Nexon, which she helped Kim start in 1994, was earlier combined with that of her late husband, whose estate is yet to be settled.
The sole returnees this year are brothers Cho Hyun-sang (No. 44, $1.01 billion) and Cho Hyun-joon (No. 47, $980 million) of industrial conglomerate Hyosung Group. Shares of its subsidiary Hyosung Advanced Materials, which makes carbon fiber used in hydrogen fuel-cell vehicles, soared on investor optimism for emission-free cars.
Notable among the nine drop-offs this year is the LG clan’s Koo Bon-joon, who donated a chunk of his LG shares to three charitable foundations and gave a part of his stake in holding outfit LX Holdings to his children.
The minimum amount required to make the list is $950 million, up slightly from $940 million in 2021.
The top 10 richest in South Korea are:
Kim Beom-su; US$9.6 billion
Jay Y. Lee; $9.2 billion
Michael Kim; $7.7 billion
Seo Jung-jin; $6.9 billion
Kwon Hyuk-bin; $6.85 billion
Hong Ra-hee; $6.4 billion
Chung Mong-Koo; $4.4 billion
Lee Boo-jin; $3.9 billion
Song Chi-hyung; $3.7 billion
Cho Jung-ho; $3.5 billion
The list was compiled using information from the individuals, analysts, government agencies, private databases, stock exchanges and other sources. Net worth numbers are based on stock prices and exchange rates as of the close of markets on April 1. Private companies were valued by using financial ratios and other comparisons with similar, publicly traded companies. The estimates can include a spouse’s wealth and, if the person is the company founder, the wealth of sons and daughters that is derived from that company. The list can also have those who are included due primarily to extensive business and residential ties to South Korea, or citizens who don’t reside in the country but have significant business or other ties to the country.
The show, hosted by Aditya Bal, will premiere on 28th April on the channel
EPIC, the flagship channel from the house of IN10 Media Network, is happy to announce the launch of its legacy show, Lost Recipes, third season.
The show hosted by renowned chef & author, Aditya Bal, dwells on the traditional recipes that are lost in time.
The last few years have taught us to value and appreciate what’s ‘ours’. With this in mind, Lost Recipes Season 3, will scout the interiors of the country in search of the dying recipes in an exhilarating journey to rediscover them.
Taking forward the legacy of previous seasons, the show’s anchor will once again travel far & beyond in search of recipes like Kesari Mutton, Lahori Katlama, Supari Ka Madra, and many more forgotten overtime to revive them.
Keeping true to its style, the 5-part series will continue to have a rustic approach and will showcase the rawness of the cooking style and ambiance, while using old tools and even unknown ingredients!
Commenting on the show, Nisha Thakkar, AVP – Content & Strategy, EPIC said, “The history and heritage explored in the show is what makes Lost Recipes unique. The travel-food show over the years has unearthed unique recipes as we criss-cross across the country in a bid to bring never-told-before tales of food. This, and Aditya’s charm & storytelling brings the audience back to show season after season.”
The show will air on 28th April 2022 at 9:00 pm on EPIC and EPIC ON.
Winning entries along with the work of the finalists will be streamed on the platform from 26th April 2022
The winners of the Global Content Festival (GCF) 2022, organized by ZEE5 Global, the largest streaming platform for South Asian content, were announced today. A total of 12 contestants emerged as winners from hundreds of entries received from across the globe, including India, Bangladesh, Pakistan, the UK, the USA, Australia, Singapore, Dubai, and the Netherlands, in a motley of languages including Hindi, English, Marathi, Bangla, Tamil, Telugu and Malayalam.
Aiming at eliminating linguistic, cultural, and geographical boundaries, ZEE5 Global is conducting this one-of-a-kind festival, giving budding filmmakers a platform to showcase their unique content for the second consecutive year.
India based independent filmmaker Kumar Ritu Raj emerged as the winner for his drama movie Khudbudi. The film revolves around a small-town girl from Bihar who dreams of being a writer. Along with Raj, five other participants were declared winners from India. Meanwhile, Viral Patel from Australia, Nimisha Tanna from New Zealand and Shaunak Surlu from Singapore emerged as winners for their distinctive storytelling across genres and languages. This year, the platform received double the number of entries received last year as filmmakers across the Globe doubled down to get their content showcased in global markets.
Watch the winning entries HERE:
Archana Anand, Chief Business Officer, ZEE5 Global, said, “We are thrilled with the response for the second edition of the ZEE5 Global Content Festival. What started out as a one-of-a-kind initiative in 2021 to give independent filmmakers from around the world a global platform to showcase their work has grown out to be even bigger and better in 2022. With the success of the first edition of the Festival, this year we have received more than double the number of entries as against last year. Congratulations to all the winners of the 2022 ZEE5 Global Content Festival, and we’re extremely happy to have their stories streaming on ZEE5.”
The winners were selected after a scrutinized evaluation process by an expert panel of judges at ZEE5 Global over two months. All the entries from winners, finalists and nominations will be streaming free for viewers to watch on the platform in 190+ countries.
RTÉ Radio Ireland Earns Broadcaster of the Year, HarperCollins Publishers is Radio Production Company of the Year
2022 Grand Awards go to BBC Sounds & BBC Radio 5 Live, Magnum Opus Broadcasting, and BMP Audio
New York Festivals® Radio Awards announced the 2022 Storytellers Gala award-winners. Innovative audio work created by world-class storytellers from 24 countries were celebrated at the April 26th Storytellers Gala virtual event.
Creative and compelling audio entries from around the globe were recognized by the 2022 Radio Award Grand Jury including engaging podcasts and audiobooks, masterful dramas, and documentaries, up to the minute news coverage, entertainment and music specials all created by world renowned storytellers.
Visit the complete 2022 Radio Awards winners' showcase HERE.
RTÉ Ireland, the international radio network, was honored with the Broadcaster of Year Award. Captivating award-winning entries awarded gold trophies include: "Sing! Dublin's Gay and Lesbian Choir" and "One Day / Lá Dá Raibh" (RTE Lyric FM), "Mamó, By Sara Keating, Read By Ingrid Craigie" and "Documentary on One: L'Agression" (RTÉ Radio 1).
Welcoming the award, RTÉ Director General, Dee Forbes said: "We are honoured that our radio stations and programmes, as well as our people, have been recognised among such prestigious company by the New York Festivals Radio Awards. While radio is evolving rapidly in a very competitive media landscape, it continues to occupy a special place in the lives of our listeners who come to us, not just for vital news and information, but to plug into the life and culture of this country across arts and entertainment, music and performance, drama, factual documentaries, sport and so much more. It is important that we continue to satisfy the clear appetite for authentic, diverse and original local content and provide a valuable platform for our talent. Congratulations to all this year's nominees."
HarperCollins Publishers UK was honored with the 2022 Radio Production Company of the Year the Year Award for their exceptional audiobooks. Gold trophy winning work includes "Lord of the Rings," "Gangsta Granny Strikes Again," and "Einstein the Penguin."
"We are delighted to be recognised with the Production Company of the Year Award. This is a wonderful testament to a landmark year for the HarperCollins Audio team, with standout productions across a wide range of genres. We've been able to work with some of the most talented actors of the day, as well as highlight brand new talent from diverse backgrounds, and bring together incredible casts to make our recordings truly memorable."-Fionnuala Barrett, Audio Publishing Director, HarperCollins UK
2022 Grand Awards
"Have You Heard George's Podcast?" - from BBC Sounds & BBC Radio 5 Live - Narrative/Documentary Podcast. BBC's award-winning podcast is a genre-defying, award-winning and critically acclaimed podcast that delivers a fresh take on inner city life through a mix of storytelling, music, and fiction.
"If you haven't 'Heard George's Podcast?', you need to. In this latest Chapter 3, George the Poet and producer Benbrick continue to raise the creative bar, beautifully showing the possibility and power of audio to tell important stories, and in particular stories of Black life and music. They also collaborated with the BBC Concert Orchestra, which must be the first time a full orchestra has recorded the score to a podcast series, and all achieved during strict lockdown conditions. We're really proud of Have You Heard George's Podcast? and delighted it's the second year in a row that a BBC Radio 5 Live & BBC Sounds podcast has been awarded the Grand Jury Prize." -Dylan Haskins, Commissioning Executive for Podcasts, BBC Sounds & BBC Radio 5 Live
"U.Me: The Musical" - Magnum Opus Broadcasting - Best Original Music. The Grand award-winning new original musical created especially for the BBC World Service is a love story for radio and podcast tells the story of two young people on opposite sides of the world who meet online and make a true connection.
"I think the overall message the project gave us at Magnum Opus Broadcasting, was of the power of collaboration: especially in a socially distanced, locked down world.londontheatrereviews.co.uk described U.Me: The Musical as: "without a doubt... the most creative and inspiring piece of art produced by the devastating effects of this pandemic. Whether that's the case or not, it's a 'piece of art' designed to offer hope; and it couldn't have done so without that collaborative process. And if the pandemic taught us anything, maybe it's that collaboration - in the arts, medicine, or whatever sphere - can overcome many, seemingly insurmountable, obstacles." -Lewis Borg-Cardona, Producer, Magnum Opus Broadcasting
"The Sounds of America" BMP Audio - Culture & The Arts. BMP Audio's Peabody award-winning series, The Sounds of America showcases some of the works selected for the National Recording Registry which selects 25 works each year to preserve for all time. BMP's award-winning documentary series earned the 2022 Grand Award.
"We're thrilled to be honored with the Grand Award for The Sounds of America radio series! The series profiles audio recordings preserved at The National Recording Registry at the Library of Congress. Recognizing recordings that made a significant impact on American culture! What better way to pay tribute to our audio heritage than through audio storytelling."-Ben Manila, Founder/Executive Producer, & Jennie Cataldo, Producer, BMP Audio
New York Festivals Storytellers Gala honored Sean McManus, Chairman of CBS Sports with the twelfth annual New York Festivals® Lifetime Achievement Award. Greg Gumbel, television sportscaster for CBS Sports presented the Lifetime Achievement Award to Mr. McManus
Podcasts from around the globe engaged listeners in a wide range of genres. Gold trophy winners include "American Radical" (NBC News), "9-11 Janice Brooks, the South Tower" (Sky News Radio), "Jaleh's Drive For Freedom" (ABC Radio National), "Sounds of the Moana" (Centre for New Zealand Music Trust), "Vital Signs - My Mind Is Terrorizing Me" (SiriusXM), "Embrace Everything - The World of Gustav Mahler" (Aaron Cohen Productions), "The Effect" (B7 Media /Audible), "My Only Story: Back to School" (Media24 & My Only Story NPC), "Interprètes afghans : partir ou mourir (Afghan Interpreters: Leave or Die)" (Radio-Canada), "Before-After: The 1972 Bulltofta Hijacking" (Sveriges Radio), The Greatest Menace" (Lockdown Productions /Audible), "Tender" (Broadwave), "The Lake" (Popsock Media), and "False Idol" (Religion of Sports).
Audio Books captivated listeners. Entries earning Gold include "Lord of the Rings," "Gangsta Granny Strikes Again," and "Einstein the Penguin" (HarperCollins Publishers), "A Slow Fire Burning" (Penguin Random House UK), and "Miracle and Wonder: Conversations with Paul Simon Audiobook" (Pushkin Industries).
Captivating documentaries celebrated compelling non-fiction narratives explored through sound. Gold trophy-winning work includes "King Louis The First Of Britain" (6Foot6 Productions), "Encounters - Stories about our Natural World" (Regan Hutchins), "Stuff The British Stole" (Marc Fennell), "Virgin Radio Pride" (Virgin Radio UK), "Game of Empires. Malvinas 1982: Colonized by the Dictatorship" (National Radio from Argentine. The Public Radio), "The Doc Project - The Skyluck Journals" (CBC), "The Let It Be Story" (Howlett Media Productions Ltd.), and "The Long Haul: Texas and The Pandemic" (Texas Standard).
Visit the 2022 Radio Awards winners' showcase HERE.
Enthralling entertainment entries earned Gold including "U.Me: The Musical" (Magnus Opus Broadcasting), "Major Events" (Sveriges Radio), Silver trophy winners: "Exonerated with Clay Cane" (SiriusXM ), "Enoch Arden, From The Balcony Of ICI Premier " (Radio-Canada), and "The Adventures of a Young Pirate Queen - season two" (Roundstone Media Ltd). Sound entries earning Silver: "JUKEBOX | 25 Miniatures" (Götz Naleppa) and "Movies and Musicals with Aedín Gormley: Sondheim Special" (RTE Lyric FM).
Breaking news coverage, features and investigative reports from broadcasters around the globe earned Gold: "Assault On The US Capitol" and "The Fall of Afghanistan" (CBS News), "The Disconnect: Power, Politics and the Texas Blackout" (KUT 90.5), and "Third Squad: After Afghanistan" (Airloom Media). Silver winners include "Mina Smallman, For All Women" (BBC Radio 4), and "My Name is Joe McDonnell, Hunger Striker" (Ocean FM).
All Entries in the 2022 competition were judged online by NYF's Radio Awards Grand Jury of 200+ producers, directors, writers, and other creative media professionals from around the globe.
Al Jazeera English is Broadcaster of the Year, Done+Dusted Earns Production Company of the Year
Grands Awarded to Mariah Carey's Magical Christmas Special, The National Lottery's Big Night of Musicals, and Old People's Home For 4 Year Olds S2
New York Festivals® TV & Film Awards competition announced the 2022 Storytellers Gala award winners. World-class content created by global storytellers from 42 countries were celebrated at the April 26th virtual Storytellers Gala.
The TV & Film Awards Grand Jury honored compelling content created by international storytellers in a wide range of genres including primetime entertainment, documentaries, investigative journalism, sports coverage, promos, streaming media, and brand image films.
For the sixth consecutive year, Al Jazeera English's coverage of international issues and wide-ranging themes earned the network the prestigious title of Broadcaster of the Year. The network was awarded an impressive number of trophies across NYF's robust category roster for their diverse international news and current affairs programming including The Big Picture, The Listening Post, Fault Lines, Witness, 101 East, Africa Direct, and Al Jazeera Investigations.
"We are delighted to be named Broadcaster of the Year by the New York Festivals TV & Film Awards," said Giles Trendle, Managing Director of Al Jazeera English. "It's a great honour to have our work recognised by our industry peers. This award is all down to the wonderful, dedicated teams at Al Jazeera English who are so committed to reporting and telling the stories that matter. In today's world, we believe good journalism is more important than ever. And so we are deeply grateful to receive this recognition for the work we do."
Done+Dusted, global creator of content, events, and experiences, was honored with the Production Company of the Year Award. The British television production and event staging company earned multiple trophies for their productions including "Mariah Carey's Magical Christmas Special" (Apple TV+), "The 73rd Primetime Emmy Awards" (CBS), and "Black Renaissance" and "Dear Earth" (Amazon Prime).
"We know that we are not defined by awards, but we also have to admit it feels pretty nice to receive them. Thank you for the recognition... We feel very honored."-Ian Steward, President, Done+Dusted
2022 Grand Awards
"The National Lottery's Big Night of Musicals" - TBI Media - Performing Arts Special. The Grand Award-winning entry was a large-scale televised event celebrating the world of musical theatre accompanied by a full orchestra. The show, filmed at Manchester's AO Arena in front on an audience of 10,000, was broadcast on BBC1 and featured performances from the biggest West End touring and regional shows.
"We're absolutely thrilled to win the Grand Award for 'The National Lottery's Big Night Of Musicals' Thanks goes to the extended TBI team - in this case just over 800 worked on the show. Thanks also to the BBC One and The National Lottery teams who had the courage to support a big idea, despite significant uncertainty at the time. It's great to see our brilliant theatre industry back, they're a much loved and critical part of the cultural landscape on both sides of the Atlantic."-Phil Critchlow OBE - CEO & Founder - TBI Media
"Old People's Home For 4 Year Olds S2" - Endemol Shine Australia - Social Issues. Season Two of the award-winning series earned the Grand Award and showcased early implementation of intergenerational play by taking aging adults into the domain of 4-year-olds.
"Myself and the incredible team behind the second series of "Old People's Home For 4 Year Olds" (Series 2) are so grateful and honoured to be selected in the New York Festivals as Grand winner in the documentary social issues category. As Australian filmmakers we are so proud that for a second time, the series has been acknowledged at a global level, and also that we've shown the rest of the world how a group of 4 year olds can improve the lives of our elderly, hopefully this message will resonate beyond our shores." -Debbie Cuell, Executive Producer, Endemol Shine Australia
"Mariah Carey's Magical Christmas Special" - Done+Dusted - Variety Special. The Grand winning program solves a holiday cheer crisis, the solution, the North Pole knows there's only one person who can save the day. The showcases Santa's great friend Mariah Carey, the Queen of Christmas in this star-studded spectacular to make the whole world merry.
To view the 2022 TV & Film winners' gallery visit: HERE.
New York Festivals Storytellers Gala honored Sean McManus, Chairman of CBS Sports with the twelfth annual New York Festivals® Lifetime Achievement Award. Greg Gumbel, television sportscaster for CBS Sports, presented the Lifetime Achievement Award to Mr. McManus
New for 2022, New York Festivals TV & Film Awards debuted the WaterBear Award honoring the highest scoring documentary across the Climate Change & Sustainability, Environment & Ecology, and Nature & Wildlife categories. NYF and WaterBear Network honored "Hippo King" (Terra Mater Studios GmbH) Nature & Wildlife with the inaugural WaterBear Award.
The spotlight was on captivating documentaries across a variety of categories. Gold trophy-winners include "Introducing, Selma Blair" and "Francesco" (discovery+), "Race To Feed The World - A Question of Space" (Make Waves Pte Ltd/ CNA, Mediacorp Pte Ltd), "Drain the Oceans - The First Americans" (Mallinson Sadler Productions/National Geographic Channel), "Cher and the loneliest Elephant " (Terra Mater Studios GmbH), "Circular Economy" (German Television ZDF), "NASA Mars Landing: Inside the Mission" (Windfall Films/Discovery Science), "The Wimbledon Kidnapping" (Caravan Media for Sky Documentaries, UK), "Evolve" (Beach House Pictures PTE Ltd.), "The Atom Araullo Specials: Young Arms" (GMA Network, Inc.), "Addicted Australia" (Blackfella Films Pty Ltd), "Framed" (Marc Fennell/SBS Australia), "Surviving Torture" (Off The Grid-TRT World), "Science of Cooking" (EBS (Korea Educational Broadcasting System), "Shadows" (Xebec Media Ltd), and "Solo Dance" (Public Television Service Foundation - PTS Taiwan).
Entertainment Specials captivated viewers. Entries earning Gold include "Team GB Homecoming" and "Paralympics GB Homecoming" (TBI Media), "Multishow Music Awards 2021" (Globo Comunicações e Participações SA), and "A Musical Toast to 2022" (China Global Television Network (CGTN).
Breaking news coverage, features, and investigative reports from around the globe achieved top honors. Gold winners include "The Listening Post - The Forever War: 20 Years After 9/11," "All Hail the Lockdown," "Africa Direct," and "101 East - Inside Myanmar's Crackdown," (Al Jazeera English). Additional Gold winning entries: "Afghanistan: The War Comes Home" and "On Assignment with Richard Engel: Enemy of the State" (NBC News), and "Breathe Again: India's Battle With COVID" (Blue Petal Films).
Sports programming entertained and engaged fans. ESPN content earning Gold includes: "SC Featured: Not Alone" (ESPN), "Black History Always Special I Run with Maud," "Black History Always Special A Love Letter to Black Women," and "Black History Always Special: Finding Free" (ESPN Undefeated). Additional Sports content scoring Gold: "B1G Story: George Taliaferro" (Big Ten Network), and "Fever Pitch: The Rise of the Premiere League" (Story Films and Studio 99 for BBC Two).
Promos enticed viewers to tune in. Gold winners include "Christmas Greetings From The Corleone Family" (Sony Pictures Entertainment Creative Center Iberia), "Universe" and "Drama on Brit" (BBC Studios), "2020 Tokyo Olympic Corporate Image" (Television Broadcasts Limited), "ABC I VIEW 'DON'T BE SUPRISED'" (Australian Broadcasting Corp. Sydney), and "Winter Wonderland - Christmas IDs 2020" (Luxlotusliner GmbH).
Corporate and Brand Image Film conveyed the company's mission and ethos to consumers. Gold trophy-winning companies include: The Edge Picture Company, Media Zoo Ltd., Zerotrillion, Seed Audio-Visual Communication, HK Television Entertainment Company Limited, Content Engine @ Shell's Creative Solutions, B 4 mountain, Dentsu Creative Cube Inc., and ZDK.
All Entries in the 2022 competition were judged online and screened by NYF's TV & Film Awards Grand Jury of 200+ producers, directors, writers, and other creative media professionals from around the globe.
This is the twelfth year of NYF's strategic partnership with NAB show.