Provided by Korea CXO Research Institute
In the wake of the domestic stock market decline last month, it was found that the valuation of the stocks of the heads of 33 major domestic groups also decreased by more than 8 trillion won in one month. The total number of stock valuation increases in one month was only 2 out of 33.
According to the Korea CXO Research Institute, which specializes in corporate analysis on the 7th, compared to the end of last year (closed price on December 30), the stock valuation of the total of 33 major domestic groups at the end of January this year (close price on January 28) was from 64.31 trillion won to 55.4382. decreased to billions of dollars. In one month, the value of the stock has evaporated by 8.8779 trillion won (13.8%).
Among the large corporations designated by the Fair Trade Commission last year, natural persons were designated as the same person, and as of the end of January this year, the total number of 33 groups with stock valuations exceeding KRW 100 billion. The stock was calculated by including the shares of listed companies and the stock status and preferred stocks of listed affiliates of the group held through unlisted companies. Unlisted companies were investigated by limiting them to cases in which the head held 50% or more of the stake.
The biggest drop in stock valuation was Kakao Chairman Kim Beom-soo. Chairman Kim’s stock valuation decreased by 2.93 trillion won from 12.13 trillion won at the end of last year to 9.74.2 trillion won at the end of January this year. Nearly 3 trillion won of stocks evaporated in one month due to the decline in the stock prices of Kakao group affiliates. The leader with the second largest loss was Celltrion Honorary Chairman Suh Seong-jin. Honorary Chairman Suh’s stock valuation decreased from 10.216 trillion won at the end of last year to 7.82.8 trillion won at the end of this year.
Samsung Electronics Vice Chairman Lee Jae-yong maintained the top position in stock valuation among the total number of domestic groups this year as well as last year, but his holdings decreased from 14.199.6 trillion won to 13.11 trillion won in one month, resulting in a loss of 1.89 trillion won.
In terms of the rate of decline, Chairman Chung Mong-gyu, the group head of HDC Hyundai Development Company, who had an accident at the Hyundai I-Park construction in Hwajeong-dong, Seo-gu, Gwangju, took the first place. Chairman Chung Mong-gyu’s stock valuation plunged 28.3% from 286.1 billion won at the end of last year to 205.1 billion won at the end of January this year.
In addition, Netmarble Chairman Bang Jun-hyeok was 321.3 billion won (2.591 trillion won → 2.269.8 billion won), Amorepacific Chairman Suh Kyung-bae was 241.9 billion won (3.762 trillion won → 2.83 trillion won), and Hyosung Chairman Cho Hyun-joon was 221.5 billion won (1 trillion won). 152.3 billion won → 930.8 billion won), Hyundai Motor Chairman Chung Eui-sun 188.5 billion won (3.616 trillion won → 3,428.3 billion won), LG Chairman Koo Kwang-mo 173.1 billion won (2.303 trillion won → 1.85 trillion won), Chung Mong-joon Hyundai Heavy Industries Asan The chairman of the Social Welfare Foundation suffered a loss of 122.9 billion won (1.128 trillion won → 1.53 trillion won).
Among the 33 group heads, only KCC Chairman Chung Mong-jin and DB founding chairman Kim Jun-ki were the only ones whose stock valuation increased. As KCC’s stock price rose from 315,000 won at the end of last year to 381,000 won at the end of January, Chairman Chung’s stock valuation also increased from 548 billion won to 662.8 billion won at the end of last year. Chairman Kim’s stock valuation increased from 379.1 billion won to 405.1 billion won. During the same period, the share price of DB Non-Life Insurance rose from 54,000 won to 6,200 won.
Oilsun Korea CXO Research Institute said, “Many of the stocks owned by the heads of major domestic groups often overlap with ordinary minority shareholders, so the fluctuations in the stock prices of these stocks directly affect the stock returns of so-called ant investors.” The fact that the stock value of the head of the major group fell in the meantime means that the general individual investors who own the stock are also suffering a lot of losses,” he said.