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HYBE’s Chairman Loses $470 Million in Stock Value Amidst Company Dispute

Daniel Kim Views  

Seoul Economy StarDB

Recent internal conflicts over management rights resulted in a decrease in the stock value of HYBE, a record planning and production company owned by Chairman Bang Si Hyuk, by 550 billion won ($402 million).

According to the Korea CXO Research Institute, which specializes in corporate analysis, 30 individual shareholders had a market capitalization of 10 billion won ($7.3 million) or more among major domestic culture and content-related stocks as of the beginning of this month. Ten of these individuals held HYBE stocks.

The total stock value of these 30 people is 3.84 trillion won ($2.8 billion). Among them, the stocks owned by Chairman Bang Si Hyuk were calculated for 68.4%, equivalent to 2.63 trillion won ($1.92 billion). Chairman Bang holds 13,151,394 shares of HYBE. This ranks first in terms of market capitalization in the domestic culture and content sector.

However, this is a significant decrease from the stock value he held at the beginning of the year. His stock value was 3.176 trillion won ($2.32 billion), but it fell by more than 545.7 billion won ($399 million), or 17.2%, in just four months, dropping to the 2 trillion won range ($1.4 billion).

Due to the so-called “Min Hee Jin Rebellion,” where Min Hee Jin of ADOR turned against parent company HYBE, caused HYBE’s stock price to fall by 17.2% compared to the beginning of the year, and the stock value of the wealthy individuals who made the list fell from hundreds of billions of won to tens of billions of won in just a week.

The same is true for the members of BTS, the representative group of HYBE. The seven members each lost about 20.4 billion won ($15 million) in total, with their stock values decreasing from 16.5 billion won ($12 million) to 13.6 billion won ($9.9 million) for Kim Tae Hyung, Min Yoon Gi, Park Ji Min, and Jeon Jung Kook, from 15.1 billion won ($11 million) to 12.5 billion won ($9.1 million) for Jung Ho Seok, from 14 billion won ($10.2 million) to 11.6 billion won ($8.4 million) for Kim Nam Joon, and from 12.6 billion won ($9.2 million) to 10.4 billion won ($7.6 million) for Kim Seok Jin.

The CXO Research Institute analyzed that “the stock price trend of HYBE has not been good even before the serious conflict between HYBE and its subsidiary ADOR and its CEO Min Hee Jin was exposed.”

Following this, the second richest stockholder in the culture and content sector is Park Jin Young, CCO of JYP Entertainment (365.7 billion won, $267 million), and the third is Yang Hyun Suk, the largest shareholder of YG Entertainment (154 billion won, $112 million).

Followed by Shin Hyun Ho, Chairman of the Board of D&C Media (95.7 billion won, $70 million), Scooter Braun, internal director of HYBE (72.4 billion won, $52.4 million), Lee Mi Ja, a shareholder of D&C Media (50.8 billion won, $37.1 million), Park Sung Chan, Chairman of Danal (47.2 billion won, $34.5 million), Kim Yong Hwa, the largest shareholder of Dexter Studios (34.6 billion won, $25 million), Kim Woo Taek, Chairman of NEW (Next Entertainment World) (33.5 billion won, $24.5 million), and Oh Young Sub, CEO of Corpus Korea (33.4 billion won, $24.4 million) made it to the Top 10 Stock Rich.

Daniel Kim
content@viewusglobal.com

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