There’s little that can dent the world’s top performing stock this year, not even its founder being sent to prison for insider trading.
South Korean battery material producer Ecopro Co.’s blistering run has seen the shares up 919% this year, the biggest gain for any company with a market capitalization of at least $10 billion.
That rise, courtesy of an army of Korean retail investors, has also created massive wealth gains for Lee Dong-chae, its former chairman and chief executive officer. He and his family have seen their fortune swell by about $4.5 billion this year to $4.9 billion, according to the Bloomberg Billionaires Index.
Read the full story on Bloomberg here.