The value of stocks held by Chairman Jo Jung-ho of Meriz Financial Group has exceeded 12 trillion won, making him the second-richest individual in domestic stocks.
According to the Korea CXO Institute on the 21st, Chairman Jo's stock value in Meriz Financial Group is 12 trillion 228 billion won based on the previous day's closing price. Just over a year ago, it was 5 trillion 757.5 billion won, more than doubling since then.
The significant increase in the stock price of Meriz Financial Group had a great impact. One share of Meriz Financial Group rose from 58,800 won early last year to surpass 100,000 won in October. The previous day, it jumped to 123,000 won, significantly increasing Chairman Jo's stock value.
Chairman Jo is ranked second among the richest individuals in domestic stocks based on the previous day's closing price. The first place is held by Lee Jae-yong, chairman of Samsung Electronics, with a stock value of 13 trillion 184.8 billion won. The gap in stock value between Chairman Jo and Chairman Lee has narrowed to 1 trillion 100 billion won. The third place is held by Seo Jeong-jin, chairman of Celltrion, whose stock value is counted at 10 trillion 436.6 billion won.
There is also a possibility that the rankings could change in the future depending on the stock price trends of Chairman Jo's Meriz Financial Group and Chairman Lee's Samsung Electronics, Samsung Life Insurance, and Samsung C&T.
Oh Il-seon, head of the Korea CXO Institute, noted, "While the stock value of Chairman Lee has decreased, the stock value of Chairman Jo has surged," adding that "if the gap between the two narrows further, there is a possibility that the rankings could change."