'2024 Status of Stock Assets of Heads of Newly and Re-designated Large Business Groups'
Lee Jae-yong, Seo Jung-jin, Kim Beom-su, Chung Eui-sun, Seo Kyung-bae Followed by 6th Place
The chairman of the board of directors of HYBE Group, Bang Si-hyuk, the agency of the popular singer group BTS (Bangtan Sonyeondan), ranked 6th in stock wealth among domestic group heads. He surpassed the heads of the four major groups (Samsung, SK, Hyundai Motor, LG), including SK Chairman Chey Tae-won and LG Chairman Koo Kwang-mo.
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 Yoon Dong-joo doso7@
The Korea CXO Institute, a corporate analysis specialist, announced the results of the "Analysis of Stock Wealth Status of Heads of Large Business Groups Newly Designated and Re-designated in May 2024" on the 16th.
According to the survey, among the 88 heads of large business groups with total assets exceeding 5 trillion won announced by the Fair Trade Commission on the 15th, the richest in stock valuation as of the 14th was Samsung Electronics Chairman Lee Jae-yong. Chairman Lee's stock wealth was 15.9016 trillion won. Other top five included Celltrion Chairman Seo Jung-jin (11.044 trillion won), Kakao founder Kim Beom-su (4.9302 trillion won), Hyundai Motor Chairman Chung Eui-sun (4.016 trillion won), and Amorepacific Chairman Seo Kyung-bae (2.6216 trillion won).
Chairman Bang Si-hyuk's stock wealth was 2.5447 trillion won, ranking 6th. At the beginning of this year, he was even in the top 5. On January 11, it rose to as high as 3.3667 trillion won. Depending on the stock market situation, it is quite possible for him to enter the top 5 in stock valuation among domestic group heads. Following him were former EcoPro Chairman Lee Dong-chae (2.4547 trillion won), SK Chairman Chey Tae-won (2.1152 trillion won), Krafton Chairman Jang Byung-gyu (2.0233 trillion won), LG Chairman Koo Kwang-mo (2.0202 trillion won), and CJ Chairman Lee Jae-hyun (1.8914 trillion won).
The head of Dongwon Group changed from Honorary Chairman Kim Jae-chul to his second son, Chairman Kim Nam-jung. Chairman Kim Nam-jung's stock valuation was 1.6624 trillion won. He newly joined the '1 trillion won club' of group heads and ranked 12th in stock wealth. Other members of the 1 trillion won stock wealth club included Asan Foundation Chairman Chung Mong-joon (1.4224 trillion won), Netmarble Chairman Bang Jun-hyuk (1.3038 trillion won), and Naver Global Investment Officer Lee Hae-jin (1.1303 trillion won).
Among the re-designated group heads, Hyundai Marine & Fire Insurance Chairman Chung Mong-yoon held stock valued at 672.6 billion won. Among the group heads newly designated as large business groups this year, along with Bang Si-hyuk of HYBE, those with high stock valuations included Paradise Chairman Jeon Philip (357.8 billion won), Wonik Chairman Lee Yong-han (254.4 billion won), and Youngone Chairman Sung Ki-hak (205.3 billion won).
Among the 88 heads of large business groups designated this year, the youngest is Daishin Securities Vice Chairman Yang Hong-seok, who is 43 years old this year. He is the only MZ generation head of a large business group. His stock value was 83.5 billion won. Among female heads, Sono International Honorary Chairman Park Chun-hee's stock wealth was in the 500 million won range. Honorary Chairman Park Chun-hee became the fourth female head following Shinsegae Chairwoman Lee Myung-hee, NXC Auditor Yoo Jung-hyun, and Aekyung Chairman Jang Young-shin.
Oh Il-seon, director of the CXO Institute, said, "Among the top 10 richest group heads in stock wealth in Korea, half belong to the self-made type who directly built their groups as founders," adding, "It is important to create a business environment where more self-made stock-rich individuals can emerge through new businesses in the future."
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