According to a recent analysis by the Korean CXO Institute, Bang Si-Hyuk, the chairman of HYBE, is now one of the wealthiest corporate heads in the nation. HYBE, the first entertainment company to join the ranks of major conglomerates, has propelled Bang Si-Hyuk’s net worth to a staggering level.
As of May this year, the Fair Trade Commission designated 88 groups with total assets exceeding KRW 5 trillion as large conglomerates. As of the 14th of this month, the wealthiest among these conglomerates was Lee Jae-Yong, the chairman of Samsung Electronics, who holds a whopping KRW 15.9 trillion in stock.
Following Lee are Seo Jung-Jin, the chairman of Celltrion (KRW 11.4 trillion), Kim Beom-Su, the founder of Kakao (KRW 4.93 trillion), Chung Eui-Sun, the chairman of Hyundai Motor Group (KRW 4.16 trillion), and Suh Kyung-Bae, the chairman of AmorePacific (KRW 2.62 trillion).
The newly designated HYBE’s chairman, Bang Si-Hyuk, holds KRW 2.54 trillion in HYBE stock, placing him in 6th place. In terms of stock wealth, Bang ranks higher than the heads of the four major groups, including Chey Tae-Won, the chairman of SK Group (KRW 2.1 trillion), and Koo Kwang-Mo, the chairman of LG Group (KRW 2.2 trillion).
Other big names in the upper ranks include Lee Dong-Chae, the former chairman of EcoPro (KRW 2.45 trillion), Jang Byung-Gyu, the chairman of Krafton (KRW 2.23 trillion), Lee Jae-Hyun, the chairman of CJ Group (KRW 1.89 trillion), Kim Nam-Jung, the chairman of Dongwon Group (KRW 1.66 trillion), and Bang Jun-Hyuk, the chairman of Netmarble (KRW 1.3 trillion).
Out of the 88 designated large conglomerates this year, the youngest head is Yang Hong-Suk, the vice chairman of Daishin Securities, who was born in 1981 and is now 43 years old. There are four female heads, including Lee Myung-Hee, the chairman of Shinsegae, Yoo Jung-Hyun, the auditor of Nexon NXC, Jang Young-Shin, the chairman of Aekyung, and Park Chun-Hee, the honorary chairman of Sono International.
