Korean News

Samsung head remains Korea’s most extravagant investor

Lee Jae-yong, the head of Samsung Group, Korea’s top combination, stayed the country’s most extravagant investor in the primary quarter of the year in spite of a fall in the worth of his shareholdings, a corporate tracker said Wednesday.

Stock possessions of Lee, bad habit executive of worldwide tech titan Samsung Electronics, were esteemed at 13.1 trillion won ($10.3 billion) as of end-March, the biggest among neighborhood combination proprietors, as per the Korea CXO Institute.

The worth of his stock possessions was down from 14.2 trillion succeeded toward the beginning of the year.

Lee was trailed by Kim Beom-su, organizer and head of Kakao, Korea’s top versatile courier administrator, with 11.4 trillion won, which was down from 12.2 trillion won three months sooner.

Drug goliath Celltrion’s Honorary Chairman Seo Jung-jin came next with 8.6 trillion won, down from 10.2 trillion won three months prior.

The establishment likewise said the worth of stocks held by 33 of the tops of the country’s 72 aggregates fell 7.5 percent to 59.8 trillion prevailed upon the refered to period in the midst of a negative securities exchange.

Chung Mong-gyu, administrator of significant South Korean land designer HDC Hyundai Development, experienced the greatest drop in stock possessions, with his stock worth falling 28.7 percent to 202.3 billion won.

The drop came directly following a lethal mishap at its building site in Gwangju, around 330 kilometers southwest of Seoul, in January.

Conversely, Lee Soon-hyung, executive of SeAH Steel Holdings, partook in the greatest increment to 131.4 billion won from 111.3 billion prevailed upon the refered to period. (Yonhap)

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