Lee Jae-yong, ranks No. 1 stock owner among Korean group owners… Kim Beom-soo is in 3rd

기사입력 : 2021-10-06 09:12

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Samsung Electronics Vice Chairman Lee Jae-yong. Photo=NEWSIS
As of the end of September (the third quarter) compared to the second quarter of this year, the stock valuation of the Korean 50 major groups’ owners has disappeared nearly 8 trillion won over the past three months.

Among the group owners, KCC Chairman Chung Mong-jin's stock assets increased more than 100 billion won, while Kakao Chairman Kim Beom-soo’s decreased more than 2.6 trillion won. Also, Samsung Electronics Vice Chairman Lee Jae-yong was the No. 1 stock rich in Korea with around 14 trillion won as of the end of last month.

The Korea CXO Institute announced the ‘Analysis of changes in stock property of owners of the top 50 domestic groups in the third quarter of 2021’ on the 5th. This research was conducted on owners of 50 groups, which designated a natural person as a groups’ owner and are managed by the Fair Trade Commission. Criteria for calculating the stock valuation were investigated only for the group owners who directly own stocks in listed companies. The valuation was calculated by multiplying the number of common stocks (excluding preferred stocks) by closing prices as of June 30 and September 30 this year.

Among 50 major group owners, 38 owners hold shares of listed companies. The stock valuation of these 38 owners was 60.8057 trillion won in June, but fell to 53.1229 trillion won in September. For recent 3 months, the stock value decreased more than 7.6 trillion won (12.6%↓). As of the beginning of this year and the second quarter (in March), the combined stock value of the group owners was 45.28 trillion won and 48.5371 trillion won, respectively.

In terms of stock valuation growth rate, OCI Vice Chairman Lee Woo-hyun ranked first. The stock value held by Vice Chairman Lee increased from 141.2 billion won in the second quarter of this year to 193.5 billion won in the third quarter (end of September) up more than 50 billion won in recent 3 months. His stock assets have increased significantly to 37%.

During the same period, the stock value of Seah Group Chairman Lee Soon-hyung also increased from 104.3 billion won to 140.8 billion won. The increase rate was 35% and the stock value jumped in the third quarter compared to the second quarter. Chairman Lee holds shares in four stocks, and among them, as the stock value of Seah Steel Holdings rose sharply, the overall stock valuation also increased significantly.

In addition, the stock asset value of KCC Chairman Chung Mong-jin rose 21.1% (597.6 billion won→723.7 billion won), YoungPoong Chairman Jang Hyung-jin 15.4% (330.2 billion won→381 billion won), and Kolon Honorary Chairman Lee Woong-yeol 15.1% (297.2 billion won→342 billion won). They were listed in top 5 stock asset increase rate in the 2nd quarter.

On the other hand, the stock asset held by AmorePacific Chairman Seo Kyung-bae decreased by 29.1% (1.35 trillion won↓) from 4.6441 trillion won in June to 3.2932 trillion won in September. Kakao Chairman Kim Bum-soo’s stock assets also fell 27.6%( (2.6606 trillion won) from 9.6373 trillion won to 6.9766 won.

In addition, the stock asset value of Hyundai Motor Chairman Chung Eui-sun fell 17.8% (4.2161 trillion won→3.4661 trillion won), Dongkuk Steel Mill Chariman Jang Je-ju 17.3%↓(295.2 billion won→244.0 billion won), and Hankook Tire Chairman Cho Yang-rae 16.3%↓(363.8 billion won→304.6 billion won). They were listed in top 5 group owners who have highest stock value decrease rate.

In terms of the stock valuation as of the end of September compared to the end of June, KCC Chairman Chung Mong-jin had the largest increase more than 120 billion won, while Kakao Chairman Kim Beom-soo fell more than 2.6 trillion won.

As of the end of September, 12 group owners joined the 1 trillion won stock asset club. This is a decrease of one from 13 in the second quarter. In the third quarter, Samsung Vice Chairman Lee Jae-yong ranked No.1 in stock assets among owners of domestic groups. As of September 30, Vice Chairman Lee's stock value was around 14.1653 trillion won.

Kakao Chairman Kim Beom-soo was No.2 in the research with 6.9767 trillion won. SK Chairman Choi Tae-won (3.4785 trillion won), Hyundai Motor Chairman Chung Eui-sun (3.4661 trillion won), and AmorePacific Chairman Seo Kyung-bae (3.2933 trillion won) were ranked from third to fifth, respectively. In particular, SK Chairman Choi Tae-won ranked fifth in the stock value in the second quarter, but rose to the top 3 in the third quarter.

Even if the research range is expanded to the shares of unlisted stocks, the No.1 stock asset rich in Korea in the third quarter is still Samsung's Vice Chairman Lee Jae-yong. However, there is still possibility that the No. 1 position in stock assets can change in the near future.

The strongest candidate for the No.1 stock rich is Celltrion Honorary Chairman Seo Jung-jin. Honorary Chairman Seo’s stock assets of listed companies are below 2 trillion won in September. However, if stocks of unlisted companies are calculated, Honorary Chairman Seo’s stock value will increase significantly to 13.5546 trillion won. This is about 610 billion won apart from Samsung Vice Chairman Lee Jae-yong during the same period.

Kakao Chairman Kim Beom-soo also previously topped the domestic stock rich list with stock assets, including unlisted shares, exceeding 17.3 trillion won in the second quarter. However, as of the end of September, Chairman Kim's stock valuation was estimated at 12.57 trillion won. As stock assets decreased by nearly 5 trillion won in the past 3 months, he ranked 3rd in the third quarter.

By Global Economic Reporter Dae-sung Kim ; translate by Gounee Yang