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Lee Dong-chae, former chairman of Ecoprobm (EcoproBM) |
[Alpha Biz= Reporter Kim Sangjin] On July 4th, the Korea CXO Institute, a corporate analysis specialist, released the results of their "2024 Q2 Stock Valuation Changes of Major Group Chairpersons" survey.
According to the survey, the combined stock valuation of the chairpersons of these 46 groups was 68.5096 trillion won at the end of March 2024, but it fell to 65.8542 trillion won by the end of June. This represents a decrease of over 2.6554 trillion won, or about 3.9%, over the past three months.
Among the 46 group leaders, Lee Dong-chae, the former chairman of Ecopro, saw the largest decline in stock assets. His stock valuation dropped by 28.8% from 3.1744 trillion won at the end of March to 2.2592 trillion won at the end of June.
The significant drop was largely due to a stock price decrease following a 5-for-1 stock split in April. Before the split, Ecopro's common stock price was 633,000 won per share at the end of March, which fell to 450,500 won (90,100 won per share after the split) by the end of June.
Brian Kim (Kim Beom-su), chairman of Kakao, also saw a notable decline in his stock valuation, which fell by 24.3% from 5.6738 trillion won to 4.2973 trillion won over the past three months. This was due to the drop in Kakao's stock price from 53,700 won at the end of March to 40,650 won at the end of June.
Additionally, the survey identified 10 other group chairpersons whose stock assets decreased by over 10% in the second quarter of this year.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
