Lee Hae-jin, the head of No. 1 Internet portal operator NAVER Corp., saw his stake value hover above 1 trillion won ($939.4 million) on the back of its messenger service LINE

October 16, 2013 Leave a comment

2013-10-16 11:25

NAVER CEO’s stake value surpasses W1 tril.

Lee Hae-jin, the head of No. 1 Internet portal operator NAVER Corp., saw his stake value hover above 1 trillion won ($939.4 million) on the back of its messenger service LINE, data showed Wednesday. The combined value of Lee’s shares came to 1.04 trillion won Tuesday after shares of NAVER, formerly known as NHN, surged 8.97 percent from the previous trading session, according to the data by market researcher Chaebul.com. Market watchers said the increase is attributable to the growing profits from its messenger service LINE, which held some 260 million worldwide users as of Oct. 1, with the figure expected to reach 300 million at end-October.LINE is one of the two major players in the mobile app market in the country along with KakaoTalk messenger service by Kakao Corp.
The rise also came as his shares gathered ground after NHN Corp., the then operator of NAVER, divided into NAVER Corp. and NHN Entertainment Co. in a bid to focus on its mainstay business.
Lee also ranked No. 1 among local stock-rich tycoons in terms of valuation gains, with his stake value soaring 105.6 percent Tuesday from 505.8 billion won tallied on Jan. 2, 2013.
Samsung Electronics Chairman Lee Kun-hee, meanwhile, maintained his position as South Korea’s richest shareholder with stakes valued at 11.7 trillion won as of Tuesday, the data also showed.
Chung Mong-koo, chairman of Hyundai Motor Group, came in the second spot with a net worth of 7.1 trillion won, followed by Chung Eui-sun, the vice chairman of No. 1 carmaker Hyundai Motor Co., a subsidiary of Hyundai Motor Group, with 3.4 trillion won.
Chey Tae-won, chairman of SK Group, ranked fourth with 2.24 trillion won, trailed by Suh Kyung-bae, who heads South Korea’s top cosmetics manufacturer Amore Pacific Corp., with 2.24 trillion won.
As of October, South Korea held 16 stock-rich tycoons with stake values hovering above the 1 trillion-won mark. (Yonhap)

Filed under Investing Process, Macro Trends, TMT Trends

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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.

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