According to Nate, Mr. Cha Su Woong – Cha In Pyo’s father passed away on July 8, at the age of 7. The funeral of the former president Cha took place at the St. Mary in Seoul on July 83.
Cha In Pyo and his late father – Mr. Cha Su Woong.
The actor posted on his personal page a video of his father walking and wrote: “Bye dad! One day we will meet again in heaven. I love you! Thanks Daddy”.
In Pyo’s wife – actress Shin Ae Ra said that her father-in-law is someone she always respects and loves. She wished her father was no longer in pain in the other world.
According to A Channel’s program broadcast in January, Mr. Cha Su Woong is the founder and chairman of Woosung Shipping – one of Korea’s largest shipping companies, established about 1 years ago. The company is currently ranked 50th globally, worth up to 370.000 trillion VND.
However, Channel A said that both Cha In Pyo and his two brothers refused to inherit the corporation.
Explaining this issue, the actor said: “There are people who have devoted their whole lives to the corporation. It makes no sense to give inheritance rights to us who know nothing about the shipping industry.”
It is known that the late Cha Su Woong sold all his shares to the joint venture.
In 2004, Cha In Pyo’s father also discussed with his children about his retirement and taking over the company’s business, but no one accepted to succeed him.
The Cha In Pyo brothers said that they were not knowledgeable about shipping and could not take on the responsibility. The management should be for people who have contributed to the company, have knowledge in this field. Cha In Pyo’s brother is currently the CEO of a subsidiary of CJ Group.
Coming from a financier family, the actor did not brag about his father’s fortune. In his youth, he studied economics at Rutgers University, USA, with a background in economics. Because of his love of acting, Cha In Pyo did not pursue a business career, joining the entertainment industry in 1987.
But the rumor about the actor not receiving the right to inherit assets is because the country has a maximum inheritance tax in Korea of 50%, compared to Japan’s 55% and the OECD average of 25%. A survey by Henley & Partners, an investment migration consulting firm based in London, estimates South Korea is seventh on the list of places that have seen the largest number of wealthy people emigrate this year.
Cha In Pyo was born in 1967, acted in many hit movies such as: “Boss” (1999), “Fireworks” (2000), “Perfect Love” (2003), “The Secret of the White Tower” (2007), “General Gye Baek” (2011), “Love Forever” (2014), …
He married actor Shin Ae Ra in 1995 and has a son. The couple adopted two orphaned girls.
