April 27, 2024

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[THE INVESTOR] Samsung Electronics chairman Lee Kun-hee and his wife Hong Ra-hee’s stock assets have risen more than 1.6 trillion won (US$ 1.44 billion) this year, industry data showed on July 31.

According to Chaebul.com, a website specializing in South Korean conglomerates, the value of the stock’s in Lee’ portfolio jumped 1.26 trillion won, while that of Hong rose 361.7 billion won since the beginning of the year.  

Samsung Electronics chairman Lee Kun-hee (center) with his wife Hong Ra-hee (right) and daughter Lee Boo-jin. The Investor

Lee’s stocks are currently valued at about 12.46 trillion won, while the figure for Hong stands at 1.67 trillion won.

Much of the rise was fueled by soaring Samsung Electronics shares, which reached 155.7 million won on July 29. On Jan. 4, Samsung Electronics shares were 120.5 million won.

In contrast, Samsung Electronics vice chairman Lee Jae-yong saw the value of his stocks fall 717.6 billion won to 6.89 trillion.

Lee’s daughters, Hotel Shilla CEO Lee Boo-jin and her sister Lee Seo-hyun – president of Samsung C&T's fashion business – also saw their assets drop in value. The combined assets of the two businesswomen came to 1.89 trillion won, down 14.8 percent since the beginning of the year. 

The fall in the assets of Lee Kun-hee’s children was mainly brought on by the drop in Samsung SDS shares, which has lost 37 percent since the beginning of the year.

By Choi He-suk (cheesuk@heraldcorp.com)