CXO Research Institute Survey... Bang Si-hyuk's Stock Assets Total 2.63 Trillion Won
Among individual shareholders holding major domestic culture and content-related stocks, 30 shareholders have stock assets worth over 10 billion KRW. The richest stockholder in the industry was Bang Si-hyuk, chairman of HYBE.
Bang Si-hyuk, Chairman of HYBE, is delivering a keynote speech at the Gwanhun Forum held on March 15 at the Press Center in Jung-gu, Seoul. Photo by Dongju Yoon doso7@
The Korea CXO Research Institute, specializing in corporate analysis, announced on the 9th the results of its survey on individual shareholders holding over 10 billion KRW in stock valuation of major domestic culture and content stocks. It compiled the closing prices of common stocks at the beginning of this year and on the 2nd of this month.
The survey found that there were 30 individual shareholders with stock assets exceeding 10 billion KRW, four fewer than in December last year. Among the 30 shareholders in the "10 Billion Club," 26 saw a decrease in stock valuation over the past four months. Overall, the total valuation dropped by 857.8 billion KRW (18.2%) from 4.7057 trillion KRW at the beginning of the year to 3.8479 trillion KRW as of the 2nd.
Chairman Bang’s stock valuation was the highest at 2.6302 trillion KRW. His assets accounted for 68.4% of the total stock valuation of the 30 shareholders in the 10 Billion Club. This was a decrease of 545.7 billion KRW (17.2%) compared to the beginning of the year (3.176 trillion KRW). The CXO Research Institute explained, "Even before conflicts between HYBE and its subsidiary Adore’s CEO Min Hee-jin surfaced, HYBE’s stock price trend was not favorable."
Park Jin-young, the largest shareholder and Chief Creative Officer (CCO) of JYP Entertainment, ranked second among the wealthy stockholders. His stock valuation at the beginning of this month was 365.7 billion KRW, down 182 billion KRW (33.2%) from the start of the year (547.7 billion KRW).
Yang Hyun-suk, largest shareholder of YG Entertainment (154 billion KRW), Shin Hyun-ho, chairman of the board at DNC Media (95.7 billion KRW), Scooter Braun, inside director at HYBE (72.4 billion KRW), Lee Mi-ja, shareholder of DNC Media (50.8 billion KRW), Park Sung-chan, chairman of Danal (47.2 billion KRW), Kim Yong-hwa, largest shareholder of Dexter Studio (34.6 billion KRW), Kim Woo-taek, chairman of NEW (Next Entertainment World) (33.5 billion KRW), and Oh Young-seop, CEO of Corpus Korea (33.4 billion KRW) were among the 'Top 10' list.
The 20 to 30 billion KRW stockholders also included many celebrities. Among them were Lee Jae-hyun, chairman of CJ Group holding CJ ENM stocks (30.3 billion KRW), Yang Min-seok, CEO of YG Entertainment (27.6 billion KRW), and Park Young-seok, CEO of Fan Entertainment (26.8 billion KRW), all holding stocks worth over 20 billion KRW.
All seven members of BTS maintained stock assets worth over 10 billion KRW. The order was Kim Tae-hyung, Min Yoon-gi, Park Ji-min, Jeon Jung-kook (each 13.6 billion KRW), Jung Ho-seok (12.5 billion KRW), Kim Nam-joon (11.6 billion KRW), and Kim Seok-jin (10.4 billion KRW).
Although not holding culture and content stocks, some major celebrities also possessed stock assets exceeding 10 billion KRW. These included actor and film director Lee Jung-jae (49 billion KRW), Park Soon-ae (Pungkukjujeong, 20.2 billion KRW), and Ham Yeon-ji (Ottogi, 18.3 billion KRW). Celebrities holding over 5 billion KRW included actor Jung Woo-sung (Artist United, 8.5 billion KRW) and actor Bae Yong-joon (Blitzwise Studio, 7.7 billion KRW).
Oh Il-seon, director of the CXO Research Institute, said, "Most culture and content stock valuations have declined over the past four months. Considering that culture and content stocks tend to be sensitive to the real economy, the falling prices of these stocks indicate that a cold wave is still flowing through the domestic stock market and economy."
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