Samsung vice chairman tops stockholding value ranking among executives

Samsung vice chairman tops stockholding value ranking among executives. March. 19, 2015 07:20. jhk85@donga.com.

Among professional managers excluding the owner families in Korea, Samsung Group Vice Chairman Choi Ji-sung is the richest in terms of stockholdings. Six former or current Samsung executives ranked within the top 10.

According to the Korea CXO Research Institute, corporate research firm, Choi held 6,400 common shares of Samsung Electronics valued at 9.32 billion won (8.26 million U.S. dollars) based on 1.46 million won (1,290 dollars) per share. Based on business reports of Korea`s top 100 companies, the research firm analyzed stock valuations of 3,670 corporate executives holding one share of more. Stock valuations were calculated by multiplying the closing price of common stock on March 13.

Former and current Samsung Electronics executives ranked from second to fifth. Second ranking went to former Samsung Electronics fellow Kim Sung-sik at 6.83 billion won (6.05 million dollars), followed by Samsung Electronics CEO Cho Soo-in at 4.56 billion won (4.04 million dollars), Samsung Electronics Senior Vice President Park Byeong-ha at 4.51 billion won (4 million dollars), and Samsung Electronics CEO and Vice Chairman Kwon Oh-hyun at 4.37 billion won (3.87 million dollars).

KT&G CEO Min Young-jin was placed at the sixth at 4 billion won (3.54 million dollars), and CJ JeilJedang Vice President Lee Jae-ho ranked seventh at 3.95 billion won (3.5 million dollars). He was followed by Samsung Electronics Executive Vice President Ahn Jae-keun at 3.67 billion won (3.19 million dollars) ranking eighth, and Dongbu Insurance CEO Kim Jeong-nam at 3.5 billion won (3.1 million dollars), and LG Household and Healthcare Executive Vice Chairman Cha Seok-yong at 3.14 billion won (2.79 million dollars). Cha sold more than 10 billion won (8.86 million dollars) of stocks in 2013, which reduced his stock valuations.

Among surveyed executives, 111 had stock valuations of 1 billion won (885,582 dollars) or over. Among them, former and current Samsung Electronics executives numbered 68, or 61 percent. Meanwhile, no executive at LG Electronics held stocks worth over 1 billion won (885,582 dollars).