CXO Research Institute Investigates Stock Changes of 46 Group Heads in Q2
Cho Hyun-jun Tops Growth Rate at 61.6%...Lee Jae-yong Maintains No.1 Position
Lee Dong-chae Decreases by 28.8%...Kim Beom-su Drops Over 1 Trillion in First Half
Hyundai Motor Group Chairman Chung Eui-sun ranked among the 'Top 3' in total stock wealth for the second quarter. Samsung Electronics Chairman Lee Jae-yong maintained the top spot, while Hyosung Chairman Cho Hyun-joon saw his stock assets increase by 61.6% in the second quarter, achieving the highest growth rate.
Hyundai Motor Group Chairman Chung Euisun is delivering a New Year's address at the Hyundai Motor Group 2024 New Year's meeting held on the morning of the 3rd at Kia Autoland Gwangmyeong in Gyeonggi Province. [Photo by Yonhap News]
The Korea CXO Institute, a corporate analysis specialist, announced the results of the '2024 Q2 Major Group Heads Stock Valuation Change Survey' on the 4th. The total stock valuation of 46 group heads decreased by 2.6554 trillion KRW (3.9%), from 68.5096 trillion KRW at the end of March to 65.8542 trillion KRW at the end of last month.
Chairman Chung Eui-sun entered the 'Top 3' with 4.6618 trillion KRW, an increase of 857 billion KRW (22.5%) compared to 3.8048 trillion KRW at the end of March. For the entire first half of the year, he had the highest increase in amount. Compared to 3.7377 trillion KRW at the beginning of the year, his stock wealth rose by 924.1 billion KRW (24.7%). Kakao CA Council Chairman Kim Beom-su dropped to 4th place as his stock wealth decreased by 1.3765 trillion KRW (24.3%), from 5.6738 trillion KRW to 4.2973 trillion KRW. This was due to Kakao's stock price falling from 53,700 KRW to 40,650 KRW.
The highest stock growth rate was recorded by Chairman Cho Hyun-joon (61.6%), whose stock wealth increased from 837.8 billion KRW at the end of March to 1.3541 trillion KRW at the end of last month. This was because he inherited shares from the late Chairman Cho Seok-rae. Cho Hyun-joon holds stocks in seven companies, including Hyosung Heavy Industries (408.3 billion KRW as of the end of last month), Hyosung (398.8 billion KRW), and Hyosung TNC (303.3 billion KRW). Doosan Chairman Park Jung-won’s stock also increased by 40.8% in the second quarter, rising from 205.1 billion KRW at the end of March to 288.7 billion KRW at the end of last month. For the entire first half, he had the highest growth rate (138.3%). Amorepacific Chairman Seo Kyung-bae (27.9%), LS Chairman Koo Ja-eun (26.8%), and Hyundai Motor Chairman Chung Eui-sun (22.5%) also saw their stock wealth increase by more than 20% in the second quarter.
The largest decrease rate was by former EcoPro Chairman Lee Dong-chae, whose stock wealth fell by 28.8%, from 3.1744 trillion KRW at the end of March to 2.2592 trillion KRW at the end of last month. This was largely due to a stock split in April that reduced the face value of existing shares to one-fifth, causing the stock price to drop. Chairman Kim Beom-su (-24.3%), Netmarble Board Chairman Bang Jun-hyuk (-13.5%), IS Holdings Chairman Kwon Hyuk-woon (-13.2%), and former Taekwang Chairman Lee Ho-jin (-12.8%) also experienced significant declines.
The overall top spot was held by Chairman Lee Jae-yong (15.7541 trillion KRW). His stock wealth increased from 14.8673 trillion KRW at the beginning of the year to 16.5864 trillion KRW at the end of March, then decreased by 832.3 billion KRW (5%) in the second quarter. This was due to declines in the stock prices of Samsung C&T, Samsung Electronics, and Samsung Life Insurance. Celltrion Chairman Seo Jung-jin (10.0837 trillion KRW) ranked second.
Sixteen individuals joined the '1 trillion KRW club' in stock wealth, one more than the 15 in the first quarter and at the beginning of the year. The 'Top 10' included Chairman Lee Jae-yong (15.7541 trillion KRW), Chairman Seo Jung-jin (10.0837 trillion KRW), Chairman Chung Eui-sun (4.6618 trillion KRW), Chairman Kim Beom-su (4.2973 trillion KRW), Chairman Bang Si-hyuk (2.6631 trillion KRW), Chairman Seo Kyung-bae (2.4727 trillion KRW), former Chairman Lee Dong-chae (2.2592 trillion KRW), Krafton Board Chairman Jang Byung-gyu (2.2162 trillion KRW), Chairman Chey Tae-won (2.0579 trillion KRW), and LG Chairman Koo Kwang-mo (2.0227 trillion KRW).
Among major non-group heads with stock wealth exceeding 5 trillion KRW were former Leeum Museum Director Hong Ra-hee (8.2557 trillion KRW), Meritz Financial Group Chairman Cho Jung-ho (7.7317 trillion KRW), Hotel Shilla President Lee Boo-jin (6.4047 trillion KRW), Hanmi Semiconductor Vice Chairman Kwak Dong-shin (6.0596 trillion KRW), Samsung C&T President Lee Seo-hyun (5.8251 trillion KRW), and Hyundai Motor Honorary Chairman Chung Mong-gu (5.5245 trillion KRW).
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