Total Stock Valuation of 46 Group Heads Down 3.5% in 3 Months
The sharp rise in the stock price of Korea Zinc, which is undergoing a management rights dispute, has significantly increased the stock wealth of the disputing parties, Chairman Choi Yoon-beom of Korea Zinc and Advisor Jang Hyung-jin of Youngpoong.
On the 3rd, Korea CXO Research Institute, a corporate analysis specialist, analyzed the stock assets of 46 group heads whose stock valuation exceeded 100 billion won as of the end of September among 88 large business groups designated by the Fair Trade Commission. Advisor Jang's stock assets increased by 137.6 billion won (34.8%↑) in three months. Chairman Choi's stock assets also rose nearly 30%, from 214.4 billion won at the end of June to 275.5 billion won at the end of September.
In this survey, the total stock valuation of the 46 group heads at the end of September was 63.4149 trillion won, a decrease of 2.3269 trillion won (3.5%↓) compared to the end of June. The group head whose stock valuation increased the most was Seo Jung-jin, Chairman of Celltrion. His stock assets rose by 1.2207 trillion won (12.1%↑), from 10.0837 trillion won at the end of June to 11.0344 trillion won at the end of September.
The top stock asset holder was Lee Jae-yong, Chairman of Samsung Electronics. However, due to the decline in Samsung Electronics' stock price, his stock assets decreased by 1.9585 trillion won (12.4%↓), from 15.7541 trillion won at the end of June to 13.7956 trillion won at the end of September. As Lee's stock assets decreased and Seo's stock valuation increased, the gap between the two group heads narrowed to 18.1%. Previously, the gap between the two chairmen was over 30% until the second quarter.
Hyundai Motor Chairman Chung Eui-sun ranked third for the third quarter in a row. Chairman Chung first reached third place with stock assets of 4.6618 trillion won at the end of June and maintained his position with 4.3258 trillion won at the end of September. Following him, Kim Beom-su, Chairman of Kakao, ranked fourth, but his stock assets have been noticeably decreasing. From over 6 trillion won in early January this year, his assets dropped to 5 trillion won at the end of March, 4 trillion won at the end of June, and further down to 3.821 trillion won at the end of September.
Among the 46 groups, the group head with the largest decline rate was Lee Yong-han, Chairman of Wonik. His stock assets decreased by 39.8%, from 275.2 billion won at the end of March to 165.7 billion won. This was due to the decline in stocks of Wonik Holdings, Wonik QNC, and Wonik Cube, which he holds, as well as the disposal of previously held Wonik stocks.
Gu Bon-jun, Chairman of LX, also saw his stock valuation decrease by 127 billion won (34.6%↓) over the past three months. This was largely due to his transfer of about half of his shares in LX Corporation to his eldest son, Vice President Gu Hyung-mo. Bang Si-hyuk, Chairman of HYBE, saw his stock assets decrease by more than 400 billion won, from 2.6631 trillion won at the end of June to 2.2199 trillion won.
Although not group heads, major shareholders with stock assets exceeding 5 trillion won included Jo Jung-ho, Chairman of Merry Financial Group (9.4912 trillion won), Hong Ra-hee, former director of the Leeum Museum of Art (6.2859 trillion won), and Lee Boo-jin, President of Shilla Hotel (5.4583 trillion won).
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