Lee Kun-hee Stock Inheritance Completed... Samsung Family Ranks 1st to 4th in Stock Wealth

[Asia Economy Reporter Jeong Hyunjin] As the inheritance process of the Samsung family head has been completed, Vice Chairman Lee Jae-yong, President Lee Boo-jin of Hotel Shilla, Chairwoman Lee Seo-hyun of the Samsung Welfare Foundation, and Mrs. Hong Ra-hee, who inherited the shares of the late Samsung Chairman Lee Kun-hee, have taken the top four positions among stock tycoons. The total value of the Samsung family’s shares was estimated to exceed 42 trillion won.

The Korea CXO Research Institute, a corporate analysis specialist, announced on the 3rd the results of an investigation into the stock valuation status of 90 major family members of 60 domestic groups. The groups surveyed were 60 out of 71 publicly disclosed business groups with assets exceeding 5 trillion won, as recently announced by the Fair Trade Commission, where a natural person was designated as the same person. The stock valuation was calculated based on the closing price on the 30th of last month for the common stocks held by the 90 major family members.

Data provided by Korea CXO Institute

According to the survey, the value of shares held by the four Samsung family members was estimated to be over 42 trillion won. The CXO Research Institute explained that this is comparable to the market capitalization of Hyundai Motor, ranked 8th domestically, at 45.29 trillion won.

The top stock tycoon overall was Vice Chairman Lee Jae-yong of Samsung Electronics. His stock assets increased by more than 7 trillion won in one month, from about 8.9 trillion won at the end of March to 15.6167 trillion won after completing the inheritance. Previously, Chairman Lee Kun-hee was ranked first, but this changed after the inheritance.

The second richest stockholder was Mrs. Hong Ra-hee. Her shares increased to 11.4319 trillion won, instantly joining the '10 trillion club.' The third and fourth richest stockholders were President Lee Boo-jin and Chairwoman Lee Seo-hyun, with stock assets of approximately 7.78 trillion won and 7.21 trillion won, respectively.

The fifth richest stockholder was Kim Beom-su, Chairman of Kakao’s Board, whose stock assets were valued at over 6.7106 trillion won. Sixth was Honorary Chairman Chung Mong-koo of Hyundai Motor (5.6 trillion won), seventh was Chairman Seo Kyung-bae of Amorepacific (4.96 trillion won), and eighth was Chairman Chung Eui-sun of Hyundai Motor (3.73 trillion won). Ninth and tenth were Chairman Chey Tae-won of SK Group (3.5825 trillion won) and Chairman Koo Kwang-mo of LG Group (3.4826 trillion won), respectively.

Among the surveyed family heads, six were included in the '1 trillion club' for stock assets: Honorary Chairman Seo Jung-jin of Celltrion (1.9 trillion won), Chairman Chung Mong-joon of the Asan Foundation (1.47 trillion won), Chairman Kim Nam-goo of Korea Investment Holdings (1.29 trillion won), Chairman Lee Jae-hyun of CJ (1.25 trillion won), Chairman Cho Hyun-joon of Hyosung (1.24 trillion won), and Vice Chairman Chung Yong-jin of Shinsegae (1.01 trillion won).

The CXO Research Institute stated that Bang Si-hyuk, CEO of HYBE, whose company group was not included among the 71 groups designated by the Fair Trade Commission this year and thus excluded from the survey, had stock assets valued at 3 trillion won. The stock assets of Lee Hae-jin, Global Investment Officer and founder of Naver, were estimated at 2.2 trillion won, and those of Kim Taek-jin, CEO of NCSoft, were about 2.18 trillion won.

The stock valuations of newly designated group heads by the Fair Trade Commission this year included Chairman Chung Mong-yoon of Hyundai Marine & Fire Insurance (470 billion won), Chairman Kwon Hyuk-woon of IS Dongseo (160 billion won), and Chairman Hong Seok-hyun of JoongAng Holdings (90 billion won). Chairman Kwon Hong-sa of Bando Construction and Chairman Koo Kyo-woon of Daebang Construction were found not to hold shares in listed affiliates within their groups.

This content was produced with the assistance of AI translation services.