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Bang Si-hyuk (Photo courtesy of HYBE) |
[Alpha Biz= Kim Jisun] Bang Si-hyuk, Chairman of HYBE, recorded the largest increase in stock wealth among the heads of South Korea’s top conglomerates in the first quarter of 2024, with his holdings rising by over KRW 500 billion (approx. USD 380 million).
According to a report released Wednesday by corporate analysis firm Korea CXO Institute, Bang’s stock value surged from KRW 2.58 trillion on January 2 to KRW 3.10 trillion as of the end of March—an increase of KRW 515.5 billion, or 20%, in just three months. The institute analyzed changes in stock valuations for 43 conglomerate leaders whose holdings exceeded KRW 1 trillion as of the end of Q1.
Of the 43 tycoons surveyed, 27 saw gains in their stock wealth, while 16 experienced declines.
Samsung Electronics Chairman Lee Jae-yong’s stock value rose from KRW 11.91 trillion to KRW 12.23 trillion, a gain of KRW 321.3 billion (2.7%).
Hanwha Group Chairman Kim Seung-yeon saw his stock valuation jump by KRW 237.7 billion (45.9%) from KRW 517.5 billion to KRW 755.2 billion, largely due to a 51.4% rise in the price of Hanwha Corporation’s common stock, from KRW 27,050 to KRW 40,950.
The sharpest decline among the group was recorded by Bang Jun-hyuk, Chairman of Netmarble, whose holdings fell by KRW 237.4 billion (22.6%), from KRW 1.05 trillion to KRW 811.5 billion over the same period.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
