CXO Research Institute Surveys Stock Valuation of 40 Group Heads
Group Heads' Stock Wealth Increases by 9%... Lee Jae-yong Maintains 1st Place
Samsung Electronics Chairman Lee Jae-yong was found to be the only major group head holding stock assets worth over 10 trillion won (as of the end of September). Among the heads of the four major groups, Chairman Lee Jae-yong, Chairman Chung Eui-sun of Hyundai Motor Group, and Chairman Koo Kwang-mo of LG Group saw their stock assets increase compared to the beginning of the year, while Chairman Chey Tae-won of SK Group experienced a decrease.
Korea CXO Research Institute, a corporate analysis specialist, announced the results of the "Major Group Heads' Stock Valuation Changes Survey" on the 4th. The survey examined the stock valuation of 40 group heads (owners) whose groups are designated as large business groups by the Fair Trade Commission (disclosure target business groups with assets over 5 trillion won) and whose stock valuation exceeded 100 billion won as of the end of last month.
Together with Lee Jae-yong, Chairman Seo Jung-jin of Celltrion Group and Kim Beom-su, Head of Kakao Future Initiative Center, who ranked in the 'Top 3,' saw their stock assets fall below 10 trillion won at the beginning of last year. Since then, only Chairman Lee Jae-yong has maintained his position as the head holding stock assets in the 10 trillion won range.
The total stock valuation of the heads of the 40 largest groups increased by 9% from 48.7885 trillion won at the beginning of January to 53.1852 trillion won at the end of September. Twenty-two individuals saw their stock valuations increase, while eighteen saw decreases. The highest growth rate was recorded by former Chairman Lee Dong-chae of EcoPro, whose stock valuation rose 743.7% from 535.9 billion won at the beginning of January to 4.5211 trillion won at the end of September. Following him were Chairman Lee Woo-hyun of OCI Holdings (83.3%), Founder Kim Joon-ki of DB Group (47.2%), Chairman Park Jung-won of Doosan Group (45.1%), and Chairman Lee Soon-hyung of SeAH Group (30.3%).
The group head with the largest decrease rate was former Chairman Kim Ik-rae of Daou Kiwoom (-63.2%), whose stock valuation dropped from 354.3 billion won at the beginning of the year to 130.3 billion won at the end of last month. Others with significant decreases included Chairman Hong Seok-jo of BGF (-25.5%), Chairman Bang Jun-hyuk of Netmarble (-24.7%), former Chairman Lee Ho-jin of Taekwang (-22.2%), and Chairman Chey Tae-won (-20.9%).
Chairman Lee Jae-yong was the only one among the heads of the 40 groups to hold stock assets exceeding 10 trillion won. As of the end of last month, his stock assets stood at 12.8493 trillion won, maintaining his top position. This represents a 10.8% increase from 11.5969 trillion won at the beginning of the year. Alongside Chairman Lee, Chairman Seo Jung-jin (8.1935 trillion won) and Head Kim Beom-su (4.6486 trillion won) formed the 'Top 3.'
The fortunes of the heads of the four major groups diverged. Stock assets increased for Chairman Lee Jae-yong, Chairman Chung Eui-sun (24.4%), and Chairman Koo Kwang-mo (9.4%), but decreased for Chairman Chey Tae-won (-20.9%). There were 12 members (30% of the total) in the '1 Trillion Won Club,' referring to group heads holding stock assets over 1 trillion won. All heads of the four major groups were members of this club.
Although not group heads, three major shareholders holding stock assets exceeding 5 trillion won were all members of the Samsung family. Former Leeum Museum Director Hong Ra-hee (8.2298 trillion won), Hotel Shilla President Lee Boo-jin (6.0167 trillion won), and Samsung Welfare Foundation Chairperson Lee Seo-hyun (5.287 trillion won) each held stock assets over 5 trillion won. Honorary Chairman Chung Mong-koo of Hyundai Motor was found to hold 4.7159 trillion won.
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