SEOUL, October 01 (AJP) - Samsung Electronics Chairman Lee Jae-yong added more than 3.7 trillion won ($2.7 billion) to his stock wealth in the third quarter, cementing his position as South Korea’s richest corporate leader by equity holdings, according to new data released Tuesday.
The Korea CXO Institute reported that the market value of Lee’s shares rose 24.4 percent from 15.25 trillion won at the end of June to 18.98 trillion won by the end of September, driven by a rebound in Samsung Electronics’ share price.
Lee tops a group of 16 South Korean executives whose individual stock holdings exceed 1 trillion won. He is followed by Seo Jung-jin, honorary chairman of Celltrion, with 11.13 trillion won, and Kim Beom-su, founder of Kakao, with 6.28 trillion won. Hyundai Motor Group Chairman Chung Eui-sun and HYBE’s Bang Si-hyuk round out the top five.
Overall, the combined stock wealth of 45 major business leaders climbed from 74 trillion won at the end of June to 78.3 trillion won by September, an increase of more than 4.27 trillion won.
Other notable gains included Cho Hyun-joon of Hyosung, whose holdings rose 23.4 percent to 2.25 trillion won, and Lee Yong-han of Wonik, who saw the largest percentage jump, with his stock value nearly doubling to 3.26 trillion won.
Not all leaders benefited. Chung Mong-kyu of HDC saw his stock wealth fall 24.6 percent to 4.62 trillion won, while HYBE’s Bang Si-hyuk recorded the steepest monetary loss, with his holdings shrinking by 565.5 billion won to 3.5 trillion won.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
The Korea CXO Institute reported that the market value of Lee’s shares rose 24.4 percent from 15.25 trillion won at the end of June to 18.98 trillion won by the end of September, driven by a rebound in Samsung Electronics’ share price.
Lee tops a group of 16 South Korean executives whose individual stock holdings exceed 1 trillion won. He is followed by Seo Jung-jin, honorary chairman of Celltrion, with 11.13 trillion won, and Kim Beom-su, founder of Kakao, with 6.28 trillion won. Hyundai Motor Group Chairman Chung Eui-sun and HYBE’s Bang Si-hyuk round out the top five.
Overall, the combined stock wealth of 45 major business leaders climbed from 74 trillion won at the end of June to 78.3 trillion won by September, an increase of more than 4.27 trillion won.
Other notable gains included Cho Hyun-joon of Hyosung, whose holdings rose 23.4 percent to 2.25 trillion won, and Lee Yong-han of Wonik, who saw the largest percentage jump, with his stock value nearly doubling to 3.26 trillion won.
Not all leaders benefited. Chung Mong-kyu of HDC saw his stock wealth fall 24.6 percent to 4.62 trillion won, while HYBE’s Bang Si-hyuk recorded the steepest monetary loss, with his holdings shrinking by 565.5 billion won to 3.5 trillion won.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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