Korea CXO Research Institute, survey on changes in stock valuation of 46 group heads in the third quarter
16 people in the ‘1 trillion club’ in the third quarter… Chairman Won Ik Yong-yong ranks first in the decline rate.
As of the third quarter of this year, the stock valuation of heads of 46 major domestic groups holding stocks worth more than 100 billion won was found to have decreased by 2.3 trillion won compared to the second quarter. Among the 140 stocks owned by CEOs, the impact of declines in stock prices is twice as large as those of rises.
Samsung Electronics Chairman Lee Jae-yong (005930) ranked first in stock valuation. The person with the highest growth rate in the third quarter is Jang Hyung-jin, an advisor to Youngpoong (000670), which is in a management dispute with Korea Zinc (010130).
On the 3rd, the Korea CXO Research Institute, which specializes in corporate analysis, announced the results of the ‘Survey of Changes in Stock Valuation of Heads of Major Groups in the Third Quarter of 2024’ containing these details. The subjects of the investigation are 46 heads of groups with stock valuations exceeding 100 billion won as of the end of September among the 88 large conglomerates designated by the Fair Trade Commission this year.
According to the survey results, the stock valuation of 46 heads of major groups at the end of the third quarter was 63.4149 trillion won. Compared to the end of the second quarter (KRW 65.7409 trillion), it decreased by KRW 2.326 trillion. Among the group heads surveyed, 26 people saw their stock valuation decrease, and 20 people saw their stock wealth increase.
There are 16 people listed in the so-called ‘1 trillion stock wealth club’. It was the same as the second quarter and the top 3 was maintained.
In first place is Chairman Lee Jae-yong, with a stock valuation of 13.7956 trillion won. It decreased by 1.9585 trillion won compared to the second quarter. This is the effect of Samsung Electronics’ stock price falling 24.5% in three months.
Celltrion Chairman Seo Jeong-jin (068270), who owns stocks worth 11.3044 trillion won, is in second place. The gap with Chairman Lee Jae-yong has narrowed significantly. Third place is Hyundai Motor Group Chairman Chung Eui-sun (005380), who holds stocks worth 4.3258 trillion won.
Youngpoong Advisor Jang Hyeong-jin ranked first in stock valuation growth. Advisor Jang’s stock valuation at the end of the second quarter was 395.5 billion won, but it increased by 34.8% to 533.1 billion won at the end of the third quarter.
In particular, the stock price of Korea Zinc, owned by advisor Jang Hyung-jin, rose 33.6% in the third quarter. Korea Zinc and Youngpoong/MBK Partners are in a dispute over management rights to Korea Zinc.
Cho Won-tae, Chairman of Hanjin Group (002320), ranked second with an increase rate of 27.6%. It rose from 249.9 billion won in the second quarter to 318.9 billion won in the third quarter. This is thanks to the stock price of Hanjin KAL (180640), owned by Chairman Cho Won-tae, rising 27.7% in three months.
Next, the stock valuation of HDC Chairman Chung Mong-gyu (012630) rose 26.3% in the third quarter alone, ranking third. Chairman Chung Mong-gyu’s stock wealth increased from 239.8 billion won to 302.7 billion won in the second quarter.
The person with the highest rate of decline is Lee Yong-gi, Chairman of the Group (032940). It fell 39.8% from 275.2 billion won in the second quarter to 165.7 billion won in the third quarter. This is the effect of Chairman Yong Yong’s disposal of Wonik stocks held by him. This was followed by LX Group Chairman Koo Bon-joon (KRW 365.7 billion → KRW 240.4 billion, 34.6%↓), followed by Doosan (000150) Group Chairman Park Jeong-won (KRW 288.7 billion → KRW 223.6 billion, 22.6%↓).
(Seoul = News 1)
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2024-10-03 16:32:53