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How much money did Lee Soo Man and Yang Hyun Suk lose from recent Korean stock market downturn?

June 19, 2013 @ 12:32 pm
by jennywill
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Recently, the slumping Korean stock market has even the richest heads in the entertainment field experiencing losses.

 

According to reports based on chaebul.com, which is a site with information regarding the chaebuls or chaebeols (conglomerates and high net worth individuals), YG Entertainment CEO Yang Hyun Suk lost 13.5% this year in the value of his stock holdings, totaling a loss of 29,980,000,000 KRW (approximately $26.5 million USD). But despite this, he's still ranked #1 overall in the entertainment field as he holds 192,760,000,000 KRW (approximately $170.4 million USD) in stock.

 

Second place went to SM Entertainment founding chairman Lee Soo Man, who saw a loss of 28.9% compared to 2012, or 54,900,000,000 KRW (approximately $48.5 million USD). He holds a net total of 140,120,000,000 KRW (approximately $123.9 million USD) in stock.

 

In third place, Bae Yong Joon (actor and CEO of Key East) was the only big entertainment label head that saw an increase this year, as his stock holdings went up 36.6% to 34,820,000,000 KRW (approximately $30.8 million USD).

 

Meanwhile, JYP Entertainment's J.Y. Park's stock value fell 15.1% to 6,280,000,000 KRW (approximately $5.5 million USD).

 

Source: Yonhap News via Nate 

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aulkh
· Posted June 22, 2013 @ 3:40 am

the zeros

wow *gaps

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aulkh
· Posted June 22, 2013 @ 3:40 am

look at the '0'.. so much

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aulkh
· Posted June 22, 2013 @ 3:40 am

look at the '0'.. so much

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hiroonakamura
· Posted June 20, 2013 @ 1:06 pm

though Lee Soo Man lost 1/3 of his stock value, I just can't feel bad for a man who tried misused so many young idols and made them into "slaves" of SME.

Karma

morninglory248
· Posted June 20, 2013 @ 8:47 pm
You clearly don't know anything about LSM. Almost all the SM artists (yes, even TVXQ, Shinhwa, H.O.T who are not part of SM anymore) think of him as their father and thank him all the time. I've seen videos of him interacting with the idols and he's a really humble guy. Stop painting him as an evil guy when you know nothing. He hasn't been CEO for years now.
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cuteemcdeck
· Posted June 20, 2013 @ 1:00 pm

we win some we lose some..sadly the normal people like us are on the losing side because of these damn taxes...soon they're gunna charge us for putting on under wear we already bought taxes

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Julehh
· Posted June 20, 2013 @ 12:07 pm

WOW. What huge sums of money.... 

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haiosh
· Posted June 20, 2013 @ 9:07 am

Damn they are so rich !

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aardbei
· Posted June 20, 2013 @ 6:55 am

The stock markets are unsteady everywhere in the world because of the international economic crisis!!

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sarahshawol
· Posted June 20, 2013 @ 5:27 am

Stock is not everything ;)

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strangeamygirl
· Posted June 20, 2013 @ 3:55 am

It's just a number. 

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sonelfxoticassie
· Posted June 20, 2013 @ 1:32 am

SM YOU'RE THE BEST FOR ME 

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genesisolivia94
· Posted June 19, 2013 @ 11:40 pm

dont worrry the money will keep rolling in

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odsen24
· Posted June 19, 2013 @ 8:48 pm

They will still be earning back a lot more money when groups from each entertainment comeback! So, this may only be temporary? We won't know what happens in the world of $

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tracyx3
· Posted June 19, 2013 @ 4:30 pm
I find it kind of funny that while SM is growing and YG is barreling ahead with Psy and their other artists, JYP is at a standstill. I haven't paid much attention to kpop in the past two years but it seems like nothing exciting is happening at JYP that isn't K-pop star.
heilhop
· Posted June 19, 2013 @ 4:47 pm
JYP has been losing money for quite a long time actually. So not at a standstill, just going backwards ahaha.
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Poy3237
· Posted June 19, 2013 @ 4:21 pm

Too many zeros...

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Dia_Medina
· Posted June 19, 2013 @ 4:10 pm

Is JYP even part of the big three anymore? Like finacially he isn't doing well and yeah I know its about how much input he has done for kpop that counts also but I would be cosidering other companies to take that place soon like cube or keyeast soon? JYP you are losing big money here!!

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nikonab
· Posted June 19, 2013 @ 3:37 pm

lol jyp shouldn't even be considered top 3 anymore. keyeast, cube, and woolim are prob nearing it.

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kentv
· Posted June 19, 2013 @ 3:20 pm

Well those loses or gains are often illusory as they only truly apply if they sell their stock.  In the case of companies almost wholly owned or majority owned by their chairman they seldom sell stock as it would appear like they are trying to get out while the getting is good and create a panic or draw interest from regulators wondering if they were acting on insider information.  Still, many CEO's have their pay and bonuses tied to stock values of their company, so the stock taking a tumble means they lose their bonuses sometimes.  Also some use the value of their stock as loan collateral and a drop in the value of that collateral can cause them to suddenly have to raise cash to cover the gap.

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michelleinlove
· Posted June 19, 2013 @ 3:10 pm

Dang, go ahead YG! I really didn't know how much he had. 0.0

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donghaesha8692
· Posted June 19, 2013 @ 2:59 pm

I don't know about money with that much zero. All I know is they will never be poor.. :/