18 Executives Hold over 10 Billion of Stocks
15 July, 2021
Eighteen salaried employees of Korea's top 100 businesses own more than W10 billion worth of stocks, and four executives have more than W100 billion worth (US$1=W1,150).
Corporate tracker Korea CXO Institute looked into the equity holdings of executives other than the owner family and found that 106 own more than W1 billion worth of stocks and 18 more than W10 billion. The top five richest all work for game developers, led by Seo Yong-soo of Pearl Abyss, who owns around W270 billion worth of stocks.
Second is Kakao Games CEO Namgoong Hoon, who owns W203.8 billion, followed by other Pearl Abyss executives -- Yoon Jae-min with W179.9 billion (3rd), Ji Hee-hwan with 177.7 billion (4th), Jung Kyung-in with W88.3 billion (5th) and Huh Jin-young with W20.1 billion (10th).
One game industry insider said, "Most of these people worked in their companies since they were founded and got a lot of stock options."
Kee Woo-sung, the CEO of biopharmaceutical company Celltrion, ranked sixth with W32.6 billion, while Kim Shin-gyu at Hybe, which manages K-pop juggernaut Bangtan Boys, ranked seventh with W27.1 billion.
Samsung Electronics vice chairman Kim Ki-nam also ranked among the top 18 with W16.6. The youngest are Suh and Jung at Pearl Abyss, who were born in 1980, but Celltrion employs the most executives with more than W1 billion worth of stocks.
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