Among the Top 10 Non-Owner Shareholders, 8 Are Game Company Executives
[Asia Economy Reporter Kang Nahum] It was found that there are 31 non-owner stock billionaires with stock assets exceeding 10 billion KRW among the top 100 companies by market capitalization in Korea. Notably, among the top 10 non-owner stock billionaires, 8 were executives from game companies, showing a strong concentration in the gaming industry.
According to the "2022 Status of Non-Owner Executive Stock Valuation within the Top 100 Domestic Companies by Market Capitalization" released on the 9th by Korea CXO Research Institute, the top non-owner stock billionaire was Lee Hyo-geun, CEO of SD Biosensor. CEO Lee held 4,501,989 shares of the company, with a stock valuation of 220.1 billion KRW calculated at the closing price of 48,900 KRW on the 2nd.
A particularly remarkable point in this survey was that 8 executives from game companies were included in the top 10. The 2nd and 3rd places came from Krafton. Kim Jung-hoon, CEO of RisingWings, a Krafton affiliate, held 843,275 shares of Krafton, valued at 210.8 billion KRW, ranking 2nd.
Kim Hyung-jun, director of Bluehole Studio under Krafton, held 710,060 shares of Krafton, with a stock value of 177.5 billion KRW, ranking 3rd.
4th and 5th places came from Kakao Games. Namkoong Hoon, CEO of Kakao, held 2,409,300 shares of Kakao Games (149.3 billion KRW), ranking 4th, and Kim Jae-young, CEO of Lionheart Studio, a Kakao Games subsidiary, held 2,260,528 shares of Kakao Games (140.1 billion KRW), ranking 5th.
In 6th place was Ji Hee-hwan, CTO of Pearl Abyss, holding 2,213,520 shares worth 137 billion KRW. 7th place was taken by Kim Chang-han, CEO of Krafton, holding 544,255 shares worth approximately 136 billion KRW.
8th place was Yoon Jae-min, Vice President of Management at Pearl Abyss, holding 2,190,400 shares worth 135.5 billion KRW, and Song Jae-kyung, CEO of XL Games, held 566,824 shares of Kakao Games (35.1 billion KRW), ranking 10th.
Additionally, Ryu Sung-joong, CTO of Dream Motion, ranked 13th with Krafton shares worth 22.6 billion KRW; Heo Jin-young, CEO of Pearl Abyss, ranked 22nd with company shares worth 12.4 billion KRW; Moon Tae-sik, CEO of Kakao VX, ranked 26th with Kakao Games shares worth 11 billion KRW; and Jo Doo-in, CEO of Bluehole Studio, ranked 31st holding Krafton shares worth 10.1 billion KRW.
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Oh Il-seon, head of Korea CXO Research Institute, analyzed, "Among non-owner stock billionaires holding stock assets exceeding 10 billion KRW, there was a strong tendency to be concentrated in IT and bio industries rather than traditional manufacturing. This reflects the difficulty of emerging new wealthy individuals from traditional industries in the domestic stock market."
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