One aspect of Korean society is its fascination with their leaders of industry. The wealth and assets of these leaders is closely watched--akin with Americans who watch the lives of Hollywood leading actors or sport celberties.
Korea Times notes...
Hyundai Automotive Group chairman Chung Mong-koo's’s share of stocks in the group'’s units has reached nearly $2 billion on recent sharp rises in share prices.
With Korea composite stock price index (KOSPI) once again renewing all-time highs last week, the value of shareholdings by top-rank executives and owners of Korea'’s leading chaebol, family-controlled conglomerates, has snowballed significantly, the Korea Exchange (KRX) said Sunday.
The worth of Chung'’s stockholdings in the automotive group, which includes the nation'’s biggest automaker Hyundai Motor, soared by $654.8 million in just 10 months.
Chung holds 6.78 million shares of Hyundai Mobis, 11.4 million shares of Hyundai Motor, 1.07 million shares of INI Steel and 8.02 million shares of Hyundai Hysco. The value of Chung'’s combined equity holdings rose to $1.94 bilion last Friday from $1.28 billion at the end of 2004.
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