A total of 398 non-owner executives at listed affiliates of South Korea’s four major conglomerates were found to hold stocks valued at over 1 billion Korean won. Of these, 98% belonged to Samsung and SK. While the top three executives by stock valuation at SK included two semiconductor specialists, Samsung had none in its top three.

The Korea CXO Research Institute, a corporate analysis firm, analyzed semi-annual reports of 62 listed affiliates from the four major conglomerates—Samsung, SK, Hyundai Motor, and LG—on August 31. Based on closing prices on August 24, it found 398 non-owner executives with stock valuations exceeding 1 billion Korean won. Samsung accounted for 269 executives, SK for 122, collectively representing 391 individuals (98.2%). Hyundai Motor had 4, and LG had 3. Executives from Samsung Electronics and SK Hynix alone made up 363 individuals, or 91.2% of the total.

Notably, differences emerged when comparing the top stockholders at Samsung and SK. At Samsung, Roh Tae-moon, president of Samsung Electronics, led with 31.94 billion Korean won, followed by Park Hark-kyu, president of Samsung Electronics (18.0769 billion Korean won), and Chung Hyun-ho, vice chairman of Samsung Electronics (11.8 billion Korean won). None of the top three currently oversee semiconductor operations. Jun Young-hyun, vice chairman of Samsung Electronics overseeing semiconductors, held stocks valued at 11.1168 billion Korean won.

In contrast, SK’s top executives included semiconductor specialists. Kwak Noh-jung, president of SK Hynix, ranked first within SK with 23.9154 billion Korean won, followed by Song Jae-seung, chief investment officer (CIO) of SK Square (18.3114 billion Korean won), and Ahn Hyun, president of SK Hynix (13.9 billion Korean won). Two of SK’s top three—Kwak and Ahn—were semiconductor executives at SK Hynix.

Among the 398 executives, 12 held stocks worth over 10 billion Korean won. Samsung had 6, SK had 5, Hyundai Motor had 1, and LG had none. Roh Tae-moon ranked first, and Kwak Noh-jung second. Oh Il-seon, head of the CXO Research Institute, stated, “As more companies include stock in performance-based compensation, the way executives at large corporations are rewarded and build assets is shifting from cash-centric to stock-integrated models.”

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