Samsung chairman couple get more equities this year: Yonhap

By Park Sae-jin Posted : August 1, 2016, 08:27 Updated : August 1, 2016, 08:27

[Aju News DB]


Equity assets owned by Samsung Group Chairman Lee Kun-hee and his wife soared 1.6 trillion won (1.4 billion US dollars) in the past seven months helped by gains in its chipmaking affiliate, an industry tracker said Sunday.

The value of equity assets, including shares in Samsung Electronics Co., held by the Samsung chief and his wife, Hong Ra-hee, jumped 13 percent to 14.13 trillion won as of July 29 from 12.51 trillion won on Jan. 4, data provided by Chaebul.com showed.

The sharp gain in their combined equity assets was largely due to a rebound in the share prices of Samsung Electronics this year.

During the cited seven-month period, the tech giant's share prices climbed 22 percent to 1.54 million won, far outperforming the broader KOSPI's 2.8 percent gain.

Chairman Lee owns a 3.44 percent stake, or 4.99 million shares, in Samsung Electronics and his wife holds a 0.75 percent stake in the maker of the Galaxy smartphones and memory chips, according to the chaebol-focused market research company.'

(Yonhap)
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