Hanwha Group Chairman Kim Seung-yeon. (Photo=Hanhwa Group)

 

 

[Alpha Biz= Kim Jisun] Kim Seung-youn, Chairman of Hanwha Group, is transferring half of his 22.65% stake in Hanwha—equivalent to 11.32%—to his three sons.


According to the electronic disclosure system on Monday, Chairman Kim has gifted 3,638,130 shares (4.86%) to his eldest son, Vice Chairman Kim Dong-kwan, while his second son, Hanwha Life President Kim Dong-won, and his youngest son, Hanwha Galleria Vice President Kim Dong-sun, each received 2,425,420 shares (3.23%).


As the eldest son, Vice Chairman Kim Dong-kwan received 1.21 million more shares than his two younger brothers.


Following the transfer, Chairman Kim's stake in Hanwha will be reduced to 11.33%, while Kim Dong-kwan's stake will rise to 9.77%, and Kim Dong-won and Kim Dong-sun will each hold 5.37%.

 

 

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