SK hynix President Kwak Noh-jung beat Samsung Electronics President Roh Tae-Moon to take the top spot in stock valuation among non-Oner executives. This is the first time an SK hynix executive has topped a Samsung Electronics executive.
According to Korea CXO Institute, a corporations analysis firm, as of on the 13th, President Kwak's treasury stock valuation stood at 28.2 billion won. That is an 861% increase from Oct. 24 last year.
During the same period, Samsung Electronics President Roh Tae-Moon's stock valuation was 27.9 billion won, ranking second after President Kwak. The stock value rose 459% in about seven months compared with Oct. 24 last year.
The main reason cited is that SK hynix's share price rose faster than Samsung Electronics'. While Samsung Electronics, affected by a strike, saw its share price rise only about 55% over the past three months, SK hynix surged more than 120% in the same period.
Following them, SK hynix President Ahn Hyun (16.4 billion won) and SK hynix President Cha Sun-yong (13.5 billion won) joined the ranks of executives with treasury stock valuations in the 10-billion-won range. The number of non-Oner executives in the "100 billion won club" increased from three last year.
The number of executives holding stock worth 1 billion won or more was counted at 258 (21.4%). That is 8.3 times higher than the 31 recorded on Oct. 24 last year.