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[Alpha Biz=(Chicago) Reporter Paul Lee] According to a survey of 83 companies with more than one listed affiliate out of 103 medium-sized groups with fair assets of more than 2 trillion won (as of the end of June) conducted by CEO Score of the Corporate Data Research Institute on the 18th, the owner family's stock collateral loans (excluding collateral for affiliates) amounted to 1.4787 trillion won as of the end of September.
This is an increase of 31.4% from KRW 1.1256 trillion in December 2020, when the disclosure of stock collateral loans became mandatory.
Lotte Tourism Development (LT) Group (94.9%) had the highest share collateral ratio of individual group owners. The share collateral ratio of the owner family of the LT Group was 85.1% at the end of 2020, but it increased by 9.8% points in three years.
Lotte Tourism Development Chairman Kim Ki-byoung's stock collateral ratio stood at 97.5 percent, while Kim's spouse Shin Jung-hee, CEO of Donghwa Duty Free, was tallied at 100 percent, and his children Kim Han-joon, CEO of Lotte Tourism Development, and Kim Han-sung, CEO of Donghwa Duty Free, were tallied at 100 percent and 65.7 percent, respectively.
As of last month, the top 10 stock collateral ratios were Hanmi Pharmaceutical (85.9%), Cosmax VI (75.7%), NICE (74.2%), Kolmar Korea (70.0%), Hyundai (66.9%), Chosun Refractories (55.7%), Paradise (52.4%), Dong-A Socio (52.0%), and Hanil Holdings (45.3%).
Among them, Hanmi Pharmaceutical, Chosun Refractories, Paradise, and Dong-A Sosio had less than 50% of stock collateral in 2020, but exceeded half in three years. On the other hand, Hanil Holdings, whose stock collateral ratio exceeded 50% in 2020, fell to less than half.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
