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