'Mirage Stocks' Leaders Are No Different... Kim Beom-su Loses 6.5 Trillion, Lee Jae-yong 2.5 Trillion 'Evaporated'

CXO Research Institute Survey... Among 33 Chairpersons, 28 Saw Stock Wealth Decline Last Year
Kim Beom-su 12.3 Trillion → 5.7 Trillion, Lee Jae-yong 14.2 Trillion → 11.7 Trillion
Overall No.1 Still Lee Jae-yong... Seo Jeong-jin, Kim Beom-su, Chung Eui-sun, Choi Tae-won Follow

Kim Beom-su, Head of Kakao Future Initiative Center, attended the comprehensive audit of the Ministry of Science and ICT and related audit target organizations held at the National Assembly on October 24 last year, listening to the lawmakers' questions with a serious expression. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Moon Chaeseok] It has been revealed that CEOs such as Kim Beom-su, Head of Kakao Future Initiative Center, and Lee Jae-yong, Chairman of Samsung Electronics, lost trillions of won last year due to the sluggish stock market.

On the 3rd, Korea CXO Research Institute, a corporate analysis specialist, announced the results of the "2022 Major Group Heads' Stock Valuation Changes Survey." It compared the closing stock prices on January 3 and December 29 of last year for 33 group heads under the jurisdiction of the Fair Trade Commission whose stock valuation exceeded 100 billion won as of the end of last year.

Among the 33 subjects, 5 (15.2%) endured losses in the trillion-won range within the year. Kim Beom-su’s stock valuation dropped from 12.2269 trillion won at the beginning of last year to 5.6557 trillion won at the end, a decrease of 6.5712 trillion won (53.7%) in one year. Chairman Lee Jae-yong’s valuation decreased from 14.1866 trillion won to 11.6735 trillion won during the same period, a loss of 2.5131 trillion won (17.7%).

Honorary Chairman Seo Jung-jin of Celltrion lost 2.1754 trillion won (-21.4%), Bang Jun-hyuk, Chairman of Netmarble’s Board, lost 1.3909 trillion won (-52.6%), and Lee Hae-jin, Global Investment Officer (GIO) of NAVER, lost 1.2168 trillion won (-52.8%). Following them were Hyundai Motor Group Chairman Chung Eui-sun with a loss of 895.1 billion won (-24.4%) and SK Group Chairman Chey Tae-won with 862 billion won (-26%) in losses.

Although not all losses reached the trillion-won level, the majority of CEOs had to bear the cost of the stock plunge. Among the 33 subjects, 28 (84.8%) saw their stock valuations decrease. The evaporated stock valuation totaled 18.7134 trillion won (-29%), dropping from 64.6325 trillion won to 45.9191 trillion won.

Eleven individuals remained in the "1 trillion won club" of stock assets, down by one from 12 last year. Hyosung Chairman Cho Hyun-joon fell out of the 1 trillion club after his stock valuation dropped from 1.1521 trillion won to 719.4 billion won.

The largest stockholder was Chairman Lee Jae-yong with 11.6735 trillion won. Honorary Chairman Seo Jung-jin (8.011 trillion won), Center Head Kim Beom-su (5.6557 trillion won), Chairman Chung Eui-sun (2.7711 trillion won), and Chairman Chey Tae-won (2.4542 trillion won) ranked second to fifth.

Regarding these results, Oh Il-seon, Director of CXO Research Institute, said, "It is urgent to create a turning point in the first half of this year to noticeably raise the stock prices of IT group heads."