Yang Hyun-suk, who heads South Korean talent agency YG Entertainment maintained his top stance on the list of stock-rich celebrities this month

September 24, 2013 Leave a comment

2013-09-23 10:16

YG Entertainment head remains richest celebrity in stocks

Yang Hyun-suk, who heads South Korean talent agency YG Entertainment Inc., maintained his top stance on the list of stock-rich celebrities this month, data showed Monday.
According to the data compiled by market researcher Chaebul.com, Yang saw the value of his shares reach 197.3 billion won (US$182.1 million) as of Sept. 16, becoming the richest shareholder among local celebrities. YG Entertainment has South Korean rapper Psy under its wing, who released the global-hit “Gangnam Style,” which has been viewed more than 1.77 billion times since it was uploaded on YouTube on July 15, 2012. Lee Soo-man, the chairman of SM Entertainment Co., ranked second with the value of his shares reaching 157.6 billion won, trailed by Bae Yong-joon, an actor widely known from the popular drama “Winter Sonata,” with 30.6 billion won. JYP Entertainment chief Park Jin-young saw the value of his shares reach 7.2 billion won, followed by actor Jang Dong-gun with 3.7 billion won. YG Entertainment, meanwhile, saw its operating profit jump 56.8 percent in the first half of 2013 from a year earlier, while that of SM Entertainment plunged 62.9 percent over the cited period. KeyEast Co., an entertainment agency founded by Bae, switched to a shortfall of 2.6 billion won over the cited period, compared to an operating profit of 1.5 billion won a year earlier. (Yonhap)

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