SINGAPORE – In the Netflix series Super Rich In Korea, Singaporean businessman David Yong made an entrance that demanded attention. The opening scene shows Mr Yong, 37, alighting from a private jet, carrying a luxury Hermes bag. Scenes unfold with him indulging in extravagant branded item shopping sprees, casually declaring: “I will buy them all.
Singaporean David Yong was a cast member of reality show Super Rich In Korea. He said the jet from the show was chartered.
The show portrays Mr Yong as someone accustomed to immense riches and privilege. He has a cash-counting machine in his home in South Korea, which is a rented apartment at Signiel Seoul – an upscale residence located in South Korea’s tallest building, Lotte World Tower.In one scene, Mr Yong – the chief executive of Evergreen Group Holdings – proclaimed: “I’m Singapore’s top 1 per cent super rich.”
Records from the Accounting and Corporate Regulatory Authority show that Evergreen Group Holdings, formerly known as Evergreen Teak Trading until its name change in 2022, is primarily a general importer, exporter, and commission agent. It also does luxury goods and art trading. In one scene from Super Rich In Korea, Mr Yong proclaimed: “I’m Singapore’s top 1 per cent super rich.” PHOTO: NETFLIX
A charge is a form of security interest usually taken by a lender or creditor – “chargee” – to secure repayment of a loan. Asked if he had obtained Cambodian citizenship, Mr Yong denied it and dismissed the matter as “false news”. He said he has no intention of giving up Singaporean citizenship.Mr Yong is also the sole shareholder of Evergreen GH, which was incorporated in 2018. He ceased to be a director of the firm in December 2023. Acra records state the company’s primary business activity as “wholesale trade of a variety of goods without a dominant product”.
“Business was bad, we didn’t make money, so we had to close the shop,” said Mr Yong on the closure of House of Mu restaurant in Mohamed Sultan Road which operated for less than two years. Turning to his outing in Super Rich In Korea, Mr Yong emphasised the Netflix show’s unscripted nature and the longer-than-expected airtime he got.Mr Yong showed his house in Singapore in the opening episode – a four-storey “villa”. He also said he has 11 cars, including three in Singapore – a Rolls-Royce, a Porsche and a McLaren.
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