The stock collateral loan amount for the families of the top 50 domestic groups has increased by nearly 3 trillion won over the past year.
According to a report from Leaders Index on the families of the top 50 groups, as of the 20th of last month, the number of owners who took out collateral loans increased from 98 last year to 129 this year. The total amount of loans is 9.9204 trillion won, which is an increase of 2.8139 trillion won (28.4%) compared to last year (7.1065 trillion won).
The increase in loans by Samsung, which has the largest total stock collateral loan amount, was significant. In particular, the collateral loans executed in the names of the three daughters of the Samsung family increased by 76.2% over the year, from 2.9328 trillion won to 5.1668 trillion won. The proportion of collateral also rose from 30.7% to 55.5%.
The total loan amount for Hong Ra-hee, honorary director of the Leeum Museum of Art, Lee Boo-jin, president of Hotel Shilla, and Lee Seo-hyun, president of strategy planning at Samsung C&T, exceeds half of the total stock collateral loans of the families of the top 50 groups.
The increase rate of loans in Young Poong Group was also notable. The number of owner families that borrowed increased from 3 to 18, with the total loan amount rising from 1.95 billion won to 47.95 billion won, a 2,359% increase.
This year, the groups with a collateral ratio exceeding 80% are Young Poong (85.2%), Taeyoung (100%), Hyundai Department Store (100%), KOLON (99.1%), Lotte (88.2%), and Kumho Petrochemical (80%), totaling six.
Taeyoung Group secured a total loan of 400 billion won by setting all shares held by Chairman Yoon Seok-min and his father, founder Yoon Se-young, as collateral.
Six members of Chairman Jung Ji-sun's family at Hyundai Department Store Group took out loans ranging from 3 billion to 8 billion won by using the Hyundai Green Food shares gifted to them by Chairman Jung as collateral. The total loan amount is 31 billion won.