2800 'Super Rich' with Stocks Over 10 Billion KRW... Youngest is 9 Years Old

On the 2nd, when the KOSPI index started with a sharp rise, the KOSPI was displayed on the electronic board in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Seo So-jeong] The number of domestic stockholders holding more than 10 billion KRW in stocks reached 2,800.

According to the '2020 December Fiscal Year-End Listed Company Ownership Status' compiled by the Korea Securities Depository on the 11th, as of the end of last year, the total number of shareholders holding stocks valued over 10 billion KRW was 2,800. This is an increase of 600 from 2,200 in 2019.

The total value of stocks held by these individuals increased by 33%, from 181.6 trillion KRW at the end of 2019 to 241.5 trillion KRW at the end of last year.

Although the 'super-rich' accounted for only 0.03% of all individual investors (9.19 million), their stock holdings represented 36.5% of the total individual stock holdings (662 trillion KRW).

Three out of four super-rich individuals were composed of the largest shareholders of listed companies or their special related parties such as relatives.

Excluding the largest shareholders of listed companies and related parties, there are 700 ordinary individual investors holding stocks worth more than 10 billion KRW.

The oldest among those holding stocks worth over 10 billion KRW is estimated to be 100 years old. Lee Jong-gwan (born 1922), a relative of the largest shareholder of Celltrion, holds Celltrion stocks valued at 19.2 billion KRW.

The youngest is Jeong Mo (born 2013), granddaughter of Jeong Ji-wan, chairman of semiconductor materials company Soulbrain Holdings, who is 9 years old this year. The value of Soulbrain stocks held by Jeong is 58.2 billion KRW.