Hive stock price jumps 55% this year
Chairman Bang's share value rises 1.27 trillion won this year
From 10th to 7th in 'stock rich' rankings in one year
As entertainment stocks continue their soaring rally, the largest shareholders of major entertainment companies are beaming with joy. This trend is also reshaping the rankings of the wealthiest stockholders in South Korea.
According to data from the Korea Exchange on the 4th, the stock price of HYBE stands at 270,000 KRW, marking a 55% increase since the beginning of the year. As of the end of March, Bang Si-hyuk, the largest shareholder and chairman of HYBE, holds 13,151,394 shares. Calculated at the current stock price, this amounts to approximately 3.55 trillion KRW. Over the past five months this year, his holdings have grown by about 1.27 trillion KRW. HYBE achieved record-breaking first-quarter results (revenue of 410.6 billion KRW and operating profit of 52.5 billion KRW), which helped push its stock price above 300,000 KRW at one point.
According to financial information provider FnGuide, Bang Si-hyuk rose three places to rank 7th in the 'Individual Shareholder Ranking' compared to a year ago. The top spot is held by Lee Jae-yong, chairman of Samsung Electronics, who owns stocks worth 13.1327 trillion KRW. Among the 'Top 10' wealthiest shareholders, five individuals, including Bang Si-hyuk, experienced changes in their rankings compared to a year ago. These include Cho Jung-ho, chairman of Meritz Financial Group, ranked 5th with 4.5794 trillion KRW; Kim Beom-su, founder of Kakao and head of Kakao Future Initiative Center, ranked 8th with 3.3787 trillion KRW; Chung Eui-sun, chairman of Hyundai Motor Group, ranked 9th with 3.3653 trillion KRW; and Lee Dong-chae, former chairman of EcoPro Group, ranked 10th with 2.8451 trillion KRW. A year ago, Kim Beom-su held the highest rank at 5th, Chung Eui-sun was 7th, Cho Jung-ho was 9th, Bang Si-hyuk was 10th, and Lee Jae-yong was 66th.
Other major entertainment companies also saw significant stock price increases this year. JYP Entertainment (JYP Ent.) rose by 89.8%, and YG Entertainment (YG) surged by 110% during the same period. Thanks to this, the value of shares held by Park Jin-young, founder and Chief Operating Officer (COO) of JYP, who owns 5,402,311 shares, reached 695.2 billion KRW. Yang Hyun-suk, YG’s general producer, who holds 3,151,188 shares, saw his stake value jump to 290.5 billion KRW. In the 'wealthiest shareholders' ranking, Park COO rose to 33rd place, and Yang general producer climbed to 89th, marking increases of 57 and 75 places respectively compared to a year ago. Both JYP and YG also posted record-breaking first-quarter earnings.
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