HYBE chairman ranks 6th in equity holdings among conglomerate leaders

HYBE Chairman Bang Si-hyuk is awarded the Clive Davis Visionary Award at the Billboard Power 100 event, Feb. 2. Courtesy of Billboard

HYBE Chairman Bang Si-hyuk has emerged as the sixth wealthiest among Korea’s major conglomerate leaders based on total stock holdings. Bang’s equity holdings surpass those of SK Group Chairman Chey Tae-won and LG Group Chairman Koo Kwang-mo.According to the Korea CXO Research Institute, which analyzed the total shareholdings of major conglomerate group leaders, Lee Jae-yong, the executive chairman of Samsung Electronics, ranked at the top of the list with approximately 15.9 trillion won ($11.8 billion) worth of shares. This analysis specifically focused on the leaders of 88 large corporations with assets totaling over 5 trillion won. The valuation of their shareholdings was assessed as of Tuesday.

Seo Jung-jin, co-founder and chairman of Celltrion, ranked second with 11.04 trillion won worth of shares. Kakao founder Kim Beom-su, Hyundai Motor Group Executive Chairman Chung Euisun, and Amorepacific Group Chairman Suh Kyung-bae rounded out the top five list, holding shares worth 4.9 trillion won, 4.01 trillion won and 2.6 trillion won, respectively.Bang’s total stock holdings totaled 2.5 trillion won. Earlier this week, the K-pop powerhouse became the first entertainment company in Korea to be legally designated as a conglomerate subject to tighter antitrust regulations. Consequently, the chairman’s name was included for the first time on a list of major conglomerate leaders’ wealth derived from total shareholdings.EcoPro founder Lee Dong-chae, SK Group Chairman Chey Tae-won, Krafton Chairman Chang Byung-gyu, and LG Group Chairman Koo Kwang-mo also made the top 10 list, each with shareholdings exceeding 2 trillion won.”Half of the top 10 leaders in terms of total shareholdings in major conglomerates are categorized as self-made wealthy individuals, as they are founders who built their groups from scratch,” the Korea CXO Research 카지노사이트 Institute explained.

Leave A Comment

Recommended Posts