HYBE chairman ranks sixth among Korean business leaders in stock assets

By Kim Joo-heon Posted : May 17, 2024, 11:29 Updated : May 17, 2024, 14:21
HYBE Chairman Bang Si-hyeok Courtesy of Big Hit Music
HYBE Chairman Bang Si-hyeok. Courtesy of Big Hit Music
SEOUL, May 17 (AJU PRESS) - Bang Si-hyuk, chairman of HYBE, the agency behind K-pop supergroup BTS, ranked sixth among Korean business leaders in terms of equity holdings, surpassing tycoons who head the nation’s second and fourth-largest conglomerates.

According to analysis data from the Korea CXO Research Institute, Bang held about 2.5 trillion won ($1.8 billion) worth of shares as of Tuesday. The amount was higher than that of Chey Tae-won, chairman of SK Group, the nation’s second-largest business group, and Koo Kwang-mo, chairman of the fourth-largest LG Group.

Chey and Koo possessed 2.1 trillion won and 2 trillion won, respectively, the data showed.

The corporate data specialist analyzed the stock holdings of heads of 88 business groups designated as large businesses by the Fair Trade Commission in May.

Samsung Electronics Chairman Jay Y. Lee topped the list with about 15.9 trillion won worth of stock assets, followed by Celltrion Chairman Seo Jung-jin (11 trillion won), Kakao founder Kim Beom-su (4.9 trillion won), Hyundai Motor Group Chairman Chung Eui-sun (4 trillion won), and Amorepacific Chairman Suh Kyung-bae (2.6 trillion won).

Other corporate leaders included in the list are Lee Dong-chae, the founder of EcoPro (2.45 trillion won), Krafton Chairman Chang Byung-gyu, chairman of Krafton (2.2 trillion won), Lee Jae-hyun, chairman of CJ Group (1.89 trillion won).  

The FTC classifies companies with total assets exceeding 5 trillion won as large businesses. On Tuesday, HYBE joined the conglomerates’ list for the first time among entertainment firms.
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