Stock rally adds more to stock-rich list: data
Published : Oct 22, 2017 - 14:34
Updated : Oct 22, 2017 - 14:34

The number of stock-rich persons with their stock holdings valued at 1 trillion won ($883 million) or more rose to the highest ever as the local stock market continued to renew its all-time highs on the back of sound corporate earnings and ample liquidity, industry data showed Sunday.

According to industry tracker, the number of persons with 1 trillion won or more worth of stocks stood at 27, up five from 22 at the end of last year.

The country's benchmark index, the KOSPI, closed at an all-time high of 2,489.54 points Friday, rising some 23 percent so far this year.


Samsung Electronics chairman Lee Kun-hee maintained the top of the stock-rich list by holding shares worth 19.56 trillion won as of Friday, up 37.1 percent, or 5.29 trillion won, from the end of last year, followed by his son and the heir of the country's top conglomerate, Lee Jae-yong, with 8.49 trillion won.

Next was Suh Kyung-bae, the president of AmorePacific Corp., the No. 1 cosmetics maker, with 7.57 trillion won; Chey Tae-won, chairman of SK Group, with 4.88 trillion won; and Chung Mong-koo, chairman of Hyundai Motor Group, with 4.65 trillion won, the data showed. (Yonhap)