Samsung, SK Dominate Non-Owner Executives With 1 Billion Won in Stock
Nearly 400 non-owner executives at listed affiliates of South Korea’s four largest conglomerates hold company shares worth at least 1 billion won ($727,750), with more than 90% of them being executives at Samsung Electronics and SK hynix, according to a survey. The figures show a stark disparity in
A survey conducted by the Korea CXO Institute revealed that nearly 400 non-owner executives across listed affiliates of South Korea's four largest conglomerates collectively hold shares valued at a staggering 1 billion won. Of these executives, over 90% are concentrated at just two companies: Samsung Electronics and SK hynix. The disparity in executives' stock wealth is attributed to the different compensation systems employed by each conglomerate.
Samsung Electronics leads with 269 executives holding shares worth at least 1 billion won, accounting for 67.6% of the total. SK hynix follows closely behind with 122 executives, making up 30.7% of the total. Hyundai Motor and LG account for the remaining 1% and 0.8%, respectively. Despite a decline in share prices for Samsung Electronics and SK hynix over the past three months, the number of executives holding shares worth at least 1 billion won has increased.
Twelve executives hold shares in excess of 10 billion won, placing them in the "super-rich" category. Samsung Electronics' president, Roh Tae-moon, is the highest-ranking non-owner executive, with stock holdings worth 31.99 billion won.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
