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Number of stock-rich shareholders on KOSDAQ market surges
By KH디지털2Published : March 10, 2015 - 09:37
The number of stock-rich shareholders on the secondary KOSDAQ market surged this year on the back of a bullish run by the tech-laden bourse, data from corporate tracker showed Tuesday.
According to Chaebul.com, there were 51 stockholders who have portfolios worth more than 100 billion won (US$89.77 million) as of Monday, the highest-ever figure on record.
Most of the stock rich were major shareholders and owners of IT firms.
Kim Beom-su, founder of Daum Kakao Corp., the operator of South Korea's top mobile messenger, was the richest shareholder on the KOSDAQ market with stock holdings valued at 1.62 trillion won, followed by Kim Sang-hun, chairman of Dongsuh Corp., with 593 billion won, and Kim Suk-soo, chairman of Dongsuh Food Corp., with 574 billion won.
Sung Kyu-dong, president of Eotechnics Co., came next with stock holdings worth 492 billion won, according to the data.
The KOSDAQ market has been on a steady upward climb, fueled by strong offshore buying with foreign ownership coming to 18 trillion won as of end-February, compared with 11.8 trillion won tallied at the end of 2013.
Their holdings accounted for 10.8 percent of the total market capitalization of 166.7 trillion won as of end-last month, the data provided by the Financial Supervisory Service showed.
During the 14-month period, the KOSDAQ jumped 24.9 percent to 624.56 points from 499.99, outshining the broader KOSPI's sluggish run. The KOSPI shed more than 4 percent last year but gained slightly this year.
The KOSDAQ index closed at 629.26 points on Monday, compared with 546.01 points on Jan. 2, the data showed. (Yonhap)
According to Chaebul.com, there were 51 stockholders who have portfolios worth more than 100 billion won (US$89.77 million) as of Monday, the highest-ever figure on record.
Most of the stock rich were major shareholders and owners of IT firms.
Kim Beom-su, founder of Daum Kakao Corp., the operator of South Korea's top mobile messenger, was the richest shareholder on the KOSDAQ market with stock holdings valued at 1.62 trillion won, followed by Kim Sang-hun, chairman of Dongsuh Corp., with 593 billion won, and Kim Suk-soo, chairman of Dongsuh Food Corp., with 574 billion won.
Sung Kyu-dong, president of Eotechnics Co., came next with stock holdings worth 492 billion won, according to the data.
The KOSDAQ market has been on a steady upward climb, fueled by strong offshore buying with foreign ownership coming to 18 trillion won as of end-February, compared with 11.8 trillion won tallied at the end of 2013.
Their holdings accounted for 10.8 percent of the total market capitalization of 166.7 trillion won as of end-last month, the data provided by the Financial Supervisory Service showed.
During the 14-month period, the KOSDAQ jumped 24.9 percent to 624.56 points from 499.99, outshining the broader KOSPI's sluggish run. The KOSPI shed more than 4 percent last year but gained slightly this year.
The KOSDAQ index closed at 629.26 points on Monday, compared with 546.01 points on Jan. 2, the data showed. (Yonhap)
