[Alpha Biz=(Chicago) Reporter Kim Jisun] DB shares closed at 1,340 won per share on the 20th, up 7.11% from the previous trading day. It once rose to 1,355 won during the day. Compared to the beginning of the year, it jumped nearly 75%.
DB is where the possibility of a management dispute has been raised between its founder, founder Kim Joon-ki, and his eldest son, Chairman Kim Nam-ho. The move comes as founder Kim, who stepped down from the management front after resigning as chairman in 2017 due to unsavory events, increased his stake in DB on Dec. 29 last year. Chairman Kim took over all shares held by the DB Kim Joon-ki Cultural Foundation at the time, raising his stake to 15.91%, greatly narrowing the gap with Chairman Kim (16.83%).
The combined stake (9.87%) of DB Vice Chairman Kim Joo-won, the eldest daughter who was appointed vice chairman in August last year, is 25.78%, 8.95% more than Kim's stake.
In the securities industry, it has been interpreted that the recent surge in stock prices is due to the competition between the two sides for stakes.
DB Group says the sharp rise in DB stock prices is attributable to its subsidiary DB Hitek's record-high dividend last year.
DB Hitek's sales and operating profit last year were tentatively estimated at 1.6753 trillion won and 768.7 billion won, respectively. It paid dividends worth 56.5 billion won, 10 percent of its net profit of 563.8 billion won. DB has a 12.39% stake in DB Hitek.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
