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THE INVESTOR
June 17, 2021

The Boardroom

Stock assets of 100 richest shareholders up 21%

  • PUBLISHED :June 22, 2017 - 10:02
  • UPDATED :June 22, 2017 - 10:02
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[THE INVESTOR] The combined value of stocks owned by Korea’s 100 richest stockholders has jumped 21.3 percent, industry data showed on June 22.

The benchmark KOSPI gained 16.3 percent to 2,357.53 on June 21, compared with a closing price of 2,026.16 as of Jan. 2 this year.

According to the data by industry tracker Chaebul.com, the value of stocks owned by the 100 richest stockholders stood at 113.2 trillion won (US$99.10 billion), up from 93.1 trillion won as of Jan. 2.

Lee Kun-hee, chief of the Samsung Group, saw his stock value jump 21.3 percent to 17.3 trillion won. He has been hospitalized since May 2014 after suffering from a heart attack.

Lee Jae-yong, the only son of the Samsung chief, also saw his stock value rise by 12.9 percent to 7.5 percent.

Bang Jun-hyuk, founder and chairman of the board of Netmarble Games, became a new billionaire after the mobile-game firm debuted its stocks. Bang holds a 24.47 percent stake worth 3.2 trillion won in Netmarble.

Hyundai Motor Group Chairman Chung Mong-koo, however, saw his stock value fall by 0.8 percent to 4.83 trillion won, according to the data.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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