12 Korean conglomerates’ cross-share holdings valued at near $83bn

September 9, 2013 Leave a comment

12 conglomerates’ cross-share holdings valued at near $83bn

2013.09.09 14:41:44

South Korea’s conglomerates held their affiliate shares worth nearly 90 trillion won ($82.7 billion) in the form of cross-share holdings. 12 conglomerates formed cross-share holding loops as of late June, and the conglomerates’ 76 affiliates made 117 cross-share holding loops, said local corporate information provider Chaebul.com Monday. The conglomerates’ stakes in the form of cross-share holdings were valued at 86.7 trillion won. Nine subsidiaries of the nation’s top conglomerate Samsung Group, including Everland, Samsung Electronics and Samsung Life Insurance, had 16 cross-share holding loops. Their combined stocks in cross-share holdings came to 39.4 trillion won, the largest among the 12 conglomerates. Hyundai Motor Group’s four affiliates created two cross-share holding loops, with a total value of 28.0 trillion won. Lotte Group established a complex web of cross-share holdings, as its 15 subsidiaries have formed 51 cross-share holding loops. It was the largest number of loops among the 12 conglomerates, with a combined value of 6.8 trillion won. Hyundai Heavy Industries Group and Daelim Group established one loop of cross-share holdings among three subsidiaries respectively. The former cross-share holdings stood at 4.4 trillion won in value, and the latter at 963.1 billion won. Youngpoong Group had 10 cross-share holding loops totaling 3.0 trillion won, while Tongyang Group had 17 loops.

Filed under Macro Trends

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment