Korea CXO Institute: Stock Valuation Survey of 43 Group Heads
27 Saw Increases, 16 Experienced Decreases
Hanwha's Kim Seung-yeon Sees Significant Rise in Common Stock Price
Netmarble's Bang Jun-hyuk Records Largest Stock Value Decline
Samsung's Lee Jae-yong Remains No.1 in Stock Wealth... Around 12 Trillion KRW
In the first quarter of this year, among the heads of 43 domestic groups, the highest stock valuation growth rate was recorded by Kim Seung-yeon, Chairman of Hanwha, while the largest increase in stock valuation amount was by Bang Si-hyuk, Chairman of HYBE.
The Korea CXO Institute, a corporate analysis specialist, announced on the 9th that it investigated the stock valuation changes in the first quarter (based on closing prices on January 2 and March 31) for 43 group heads of large business conglomerates whose stock valuation was over 100 billion KRW as of the end of March.
The total stock valuation of the 43 group heads at the end of March was 57.7401 trillion KRW, a decrease of 181.1 billion KRW (0.3%↓) compared to early January (57.9212 trillion KRW). Among them, 27 saw an increase in valuation, while 16 experienced a decrease.
Kim Seung-yeon, Chairman of Hanwha, saw his stock valuation rise from 517.5 billion KRW in early January to 755.2 billion KRW at the end of March, an increase of 237.7 billion KRW. The growth rate reached 45.9%. The stock price of Hanwha common shares held by Chairman Kim rose 51.4% over three months, from 27,050 KRW to 40,950 KRW, driving the increase in valuation. However, since Chairman Kim plans to gift 8,488,970 shares of Hanwha common stock to his three children, his stock value is expected to decrease by about half in the future. The stock assets of Lee Woong-yeol, Honorary Chairman of Kolon (growth rate 39.3%), Park Chan-gu, Chairman of Kumho Petrochemical (35.6%), and Lee Soon-hyung, Chairman of SeAH (33.9%) also surged sharply during the first quarter.
The stock assets of Bang Si-hyuk, Chairman of HYBE, who had the largest increase in stock wealth, rose from 2.5816 trillion KRW to 3.0971 trillion KRW over three months, an increase of 515.5 billion KRW (20.0%). Next was Lee Jae-yong, Chairman of Samsung Electronics. His stock value was evaluated to have increased by about 321.3 billion KRW (2.7%), from 11.9099 trillion KRW to 12.2312 trillion KRW.
Among the 43 group heads, the largest stock value decline rate in the first quarter was recorded by Bang Jun-hyuk, Chairman of Netmarble. His stock valuation dropped from 1.0489 trillion KRW to 811.5 billion KRW, a decrease of 237.4 billion KRW, representing a 22.6% decline. Following him were Jang Hyung-jin, Advisor of Young Poong (18.6%↓), Chung Mong-joon, Chairman of the Asan Foundation (15.3%↓), Chung Mong-yoon, Chairman of Hyundai Marine & Fire Insurance (12.6%↓), Chung Eui-sun, Chairman of Hyundai Motor (11.5%↓), and Koo Kwang-mo, Chairman of LG (10.5%↓). The largest decrease in stock assets was by Seo Jung-jin, Chairman of Celltrion, whose stock assets fell by 653.7 billion KRW (6.3%↓) over three months. Chung Eui-sun, Chairman of Hyundai Motor (493 billion KRW↓), Chung Mong-joon, Chairman of the Asan Foundation (275.2 billion KRW↓), and Bang Jun-hyuk, Chairman of Netmarble (237.3 billion KRW↓) also saw their stock assets decrease by more than 200 billion KRW in the first quarter alone.
As of the end of March, 15 group heads had stock assets exceeding 1 trillion KRW, one fewer than at the beginning of the year due to the exclusion of Bang Jun-hyuk, Chairman of Netmarble. The top stock asset holder remained Lee Jae-yong, Chairman of Samsung Electronics (12.2312 trillion KRW). He briefly ceded the top spot to Cho Jung-ho, Chairman of Meritz Financial Group, in early March. Following were Seo Jung-jin, Chairman of Celltrion (9.777 trillion KRW), Kim Beom-su, Founder of Kakao (4.1249 trillion KRW), Chung Eui-sun, Chairman of Hyundai Motor (3.7982 trillion KRW), Bang Si-hyuk, Chairman of HYBE (3.0971 trillion KRW), and Jang Byung-gyu, Chairman of Krafton’s Board (2.6334 trillion KRW). Also included in the trillion KRW club were Chey Tae-won, Chairman of SK (1.6851 trillion KRW), Koo Kwang-mo, Chairman of LG (1.6212 trillion KRW), Chung Mong-joon, Chairman of the Asan Foundation (1.5233 trillion KRW), Suh Kyung-bae, Chairman of Amorepacific (1.5190 trillion KRW), Lee Jae-hyun, Chairman of CJ (1.4691 trillion KRW), Kim Nam-jung, Chairman of Dongwon (1.4269 trillion KRW), Cho Hyun-joon, Chairman of Hyosung (1.2805 trillion KRW), Lee Dong-chae, Founder of EcoPro (1.2449 trillion KRW), and Lee Hae-jin, Chairman of Naver’s Board (1.1707 trillion KRW). Cho Jung-ho, Chairman of Meritz Financial Group, was excluded from this survey as he is not the head of a large business conglomerate designated by the Fair Trade Commission, but as of the end of March, his stock valuation was 11.9152 trillion KRW, the second largest after Lee Jae-yong.
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