Samsung chairman's stock holdings surge 32.5% in 2012

2013-01-02 09:38:26 GMT2013-01-02 17:38:26(Beijing Time)  Xinhua English

SEOUL, Jan. 2 (Xinhua) -- The value of stocks held by Samsung Electronics Chairman Lee Kun-hee surged 32.5 percent last year thanks to surging prices in Samsung Electronics shares, a local information provider said Wednesday.

Stocks owned by Chairman Lee, including a 3.38 percent stake in Samsung Electronics, were valued at 11.65 trillion won (10.98 billion U.S. dollars) as of Dec. 28, the last trading day of 2012, up 32.5 percent from a year earlier, according corporate information provide

The increase was attributable to a surge in Samsung Electronics share prices that topped the 1.5 million won mark to reach the record high. Shares in Samsung settled at a record closing high of 1,576,000 won on Wednesday, up 3.5 percent from the previous session.

Chairman Lee retained his position as the richest stock holder in the country for the third consecutive year.

Lee's wife Hong Ra-hee saw her stock holdings valued at 1.65 trillion won as of Dec. 28, 2012, up 43.9 percent from a year before. She ranked ninth among stock-rich billionaires. The chairman's only son Lee Jae-yong owned stocks worth 1.28 trillion won, becoming the 13th-richest stock holder.

Hyundai Motor Group Chairman Chung Mong-koo ranked second with his stock holdings reaching 6.7 trillion won as of Dec. 28. He was followed by his son and Vice Chairman of Hyundai Motor Chung Eui- sun, whose stock holdings amounted to 3.05 trillion won.

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