Young-Ok Park

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Young-Ok Park (Korean: 박영옥, born April 28, 1961) is a South Korean investor. Park owns large shares in Korean companies , and is known as Stock Farmer. Park is the chairman and CEO of Smart Income Group.

Education

Park Young-Ok grew up in a small village in Jangsu, North Jeolla Province, South Korea. From a young age, he helped his family farming in the countryside. He knew farmers’ hard work leads to harvest. He also felt great joy when all the time he had invested came into fruition. This has influenced his later nickname of Stock Farmer.

Park went to Chung-Ang University on a full scholarship. He graduated in 1982 with a Bachelor in Business Administration. He then acquired a Master of Finance Management at the Graduate School of International Business Administration.

Career

Timeline

After serving as fund manager for Hyundai Investment Research Institute, Daishin Securities and International Investment Advisory, Park became head of Kyobo Securities’ Apgujeong branch in 1997 .

Following 9/11, Park became a full-time investor. Using some of his own money and some that he had borrowed from friends, he invested 3 billion won in plummeting companies, which recovered after six months. He established his own company, Smart Income, in 2005.: he made some of his best investment returns during the 2008 and 2013 financial crises.

Park has been a professor at Chung-Ang University Graduate School of Industrial Start-up Management since 2013. In 2015, he became Director of Youth Future Network, as well as Co-representative of Unification and Sharing. In 2018, he became Associate President of the Korea Tax Association.

Philosophy

Park is known as Stock Farmer. His philosophy is similar to how farmers grow crops, choosing varieties that are resistant to pests.

Park’s initial stock of 45 million won in 1998 was increased by 5,000 times. As of 2022, he owns more than 200 billion won in stocks in public record. Park’s favored sector to accompany is agriculture.

Holdings

Park only invests in Korean companies, as an act of patriotism. He has accompanied the growth of Korean companies such as Boryeong Pharmaceutical, Nongshim, Ahn Lab, Hotel Shilla, Sun, Continental Pavilion, Samcheonri Bicycle, Setrek Eye, Samkwang Glass, Jogwang Leather, Coentech, Daedong Industrial, GKL, Paradise, Kangwon Land, National Treasure Design, DPC, ATINUM Investment, and Very Good Travel.

As of 2022, Park is a major shareholder of 5 to 10 IPOs, including Samsung Electronics, POSCO Holdings, Amore Pacific, Hankook Tire, Korea Economic TV, IDIS Holdings, Alton Sports, and National Treasure Design. Very Good travel, another one of these companies, has reported that as of 2022, Park’s stake has expanded from 8.75% to 11.15%. Jogwang Leather has announced that Park’s shares recently increased from 818,965 to 821,965 after he bought 3,000 shares at KRW 48,462 per share. Park holds 14.75% of Jogwang Leather, the largest stake among its individual shareholders. Park also holds 18.38% of Korea Economic TV

Personal life

Park lives with his wife and has three children, including art collector and curator Su Park, who also serves as International Acquisitions Director at Smart Income Inc.

Published books

Park Young-Ok has published a number of books.

• 2021 : 주식투자의 절대원칙 (The absolute principles of stock investment)
• 2018 : 돈일하게 하라 (Let your money work)
• 2015 : 주식회사의 약속 (The promise of a stock company)
• 2015 : 주식, 농부처럼 투자하라 (Stocks: invest like a farmer)
• 2014 : 얘야, 너는 기업의 주인이다 (You’re the owner of the company, kiddo)
• 2013 : 주식투자자의 시선 (The investor’s viewpoint)

Awards

• 2017: Dong-A Ilbo’s Trust and Responsibility Division of CEO Enterprises in Korea’s Economy
• 2016: Monthly CEO Social Responsibility Management Division to Shine Korea’s Future
• 2015: The Future Management Division of the Creative Management Awards in Korea
• 2015: CEO Ethics to Shine Korea’s Future

References

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