Aside from the families of business group founders, Choi Ji-sung, vice chairman and head of the Future Strategy Office at Samsung Group, topped the list of richest professional CEOs by stock value.
According to the evaluation of professional corporate management conducted by the Korea CXO Institute based on the top 100 groups’ business reports, Vice Chairman Choi possesses 6,400 shares of Samsung Electronics’ common stock. Its estimated value is 9.3248 billion won (US$8.26 million).
In 2011 and 2013, LG Household & Health Care Vice Chairman Cha Suk-yong ranked 1st. His stock value amounted to 16.3 billion won (US$14.43 million) in 2011 and 25.1 billion won (US$22.23 million) in 2013. In 2012, however, Shinsegae Chairman Koo Hak-seo took 1st place with a valuation of 24.5 billion won (US$21.7 million).
This year, Kim Seong-sik, former advisor of Samsung Electronics, ranked 2nd with a value of 6.83187 billion won (US$6.05 million). Samsung Electronics President Cho Soo-in came in 3rd with a value of 4.56478 (US$4.04 million). Samsung Electronics Executive Director Park Byung-ha is 4th with 4.51961 billion won (US$4 million) in stock, and Samsung Electronics Samsung Electronics Vice Chairman Kwon Oh-hyun is 5th with 4.371 billion won (US$3.87 million) in total.
KT&G President Min Young-jin took 6th place with a value of 3.99640 billion won (US$3.54 million), followed by CJ Cheil Jedang Vice President Lee Jae-ho with 3.95442 billion won (US$3.5 million). Samsung Electronics Vice President An Jae-geun has 3.67018 billion won (US$3.25 million) in stock, and Dongbu Insurance President Kim Jeong-nam is worth 3.5405 billion won (US$3.14 million).
By major companies, LG Chem Vice Chairman Kim Ban-suk topped the list with a stock value of 3.37827 billion won (US$2.99 million), while Hyundai Mobis CEO Jung Soo-kyung held 2nd rank with a value of 2.505 billion won (US$2.22 million). S-Oil Vice President Kim Dong-chul came in 3rd with a value of 2.37027 billion won (US$ 2.1 million). Kia Motors Vice Chairman Ahn Byung-mo was 4th with a value of 1.65599 billion won (US$1.47 million). Former Samsung Electro-Mechanics President Choi Chi-joon is 5th with a value of 1.65437 billion won (US$1.47 million). Samsung C&T President Kim Shin is 6th with a value of 1.48911 billion won (US$1.32 million). Hyundai Steel President Kang Hak-seo is 7th with a value of 1.37 billion won (US$1.21 billion), and Samsung Engineering Vice President Kang Sung-young is 8th with a value of 1.2654 billion won (US$1.12 million).
Oh Il-sun, head of the Korea CXO Institute, said, “There are a considerable number of Samsung Electronics’ executives in the list. In contrast, there are no executives from LG Electronics who have stocks worth more than 1 billion won [US$885,582.71].”