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Chung is Korea’s most stock-rich heirs

A recent survey has found that Hyundai Motor Co. vice chairman Chung Eui-son has the highest-value stocks out of the heirs of family-owned business conglomerates in Korea.

Chung, son of Hyundai Motor Group chairman Chung Mong-koo, possessed more than 2.25 trillion won ($1.96 billion) in stocks as of Wednesday, ranking No. 1 out of the 59 people who were surveyed, according to, an online website that specializes in information concerning large businesses and conglomerates.

It was also noted that the value of Chung’s stocks saw the biggest increase of 793.8 billion won compared to early this year, the survey said.

Chung was followed by Shin Dong-bin, vice president of Lotte Group, and Shin Dong-joo, vice president of Lotte in Japan, who each had stocks worth more than 2.22 trillion won and 2.17 trillion won, respectively.

Chung Yong-jin, vice president of Shinsegae and a nephew of Samsung Electronics’ chairman Lee Kun-hee, was placed fourth with stocks amounting to 927.2 billion won.

Koo Kwang-mo, the adopted son of LG Group chairman Koo Bon-moo and a manager of LG Electronics, ranked in fifth with 674.5 billion won and Lee Jae-yong, vice president of Samsung Electronics and the heir apparent of Samsung followed closely behind with 668.1 billion won.

By Cho Ji-hyun (


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