Even though Bang Si-hyuk, the big hit fell…

[아시아타임즈=김지호 기자] As BTS’ agency Big Hit Entertainment (hereinafter referred to as Big Hit) finished trading at nearly twice the public offering price on the first day of listing on the 15th, CEO Bang Si-hyuk entered the 8th place in the domestic stock-rich rankings.

On this day, Big Hit ended at 258,000 won, down 4.44% from the initial price (270,000 won). Accordingly, the value of 12,373,337 shares of Big Hit (34.74% stake) held by CEO Bang was totaled at 3,193.4 billion won.

Compared to the ranking of stock properties of domestic listed companies (based on the closing price of the day) compiled by chaebol.com, it ranks 8th after Amorepacific Group chairman Seo Gyeong-bae (3.244 trillion won).

The previous day, it surpassed the ninth place chairman Eui-sun Eui-sun (3,1587 billion won), who took the position of head of the Hyundai Motor Group by more than 30 billion won.

▲ On the 15th, the first day of the group’s BTS’ agency, Big Hit Entertainment, listed on KOSPI, Bang Si-hyuk, chairman of Big Hit Entertainment, attends the listing ceremony held at the Korea Exchange in Yeouido, Seoul.

Of course, Park Jin-young, founder of JYP Entertainment (2142 billion won) and Yang Hyun-seok, founder of YG Entertainment (143.7 billion won), far surpassed the stock-rich people in the entertainment industry and became a’chaebol-class’ rich man who has no match in the entertainment industry.

The 7 BTS members, who received 68385 shares per person from CEO Bang, each had a share value of 17.6 billion won, and were tied for eighth place after FNC Entertainment CEO Han Sung-ho (197 billion won), the current 7th place in the celebrity stock-rich ranking.

Employees who received stock options (stock options) also earned tens of billions of valuation gains.

Seok-joon Yoon, CEO of Big Hit Global, has 120,000 stock options that can buy Big Hit stocks at 1063 won, which is about 1/127 of the public offering price, so the valuation gain was estimated at 30.8 billion won.

In addition, the valuation gains of Shin-Gyu Kim, general manager of management, and one employee whose name is not disclosed, respectively, amounted to 22.6 billion won and 32.9 billion won.

In addition, the employee stock ownership association, which subscribed for 1,142,1691 shares, is expected to receive a total valuation gain of 1749 billion won.

As of the end of July, there are 313 Big Hit employees, and based on this, the average valuation gain per person is estimated to be about 560 million won.

Meanwhile, with a stake in Big Hit
Netmarble also recorded a stake worth more than 9 times the investment. Netmarble invested 2014 billion won in Big Hit in April 2018 and currently owns a 19.90% stake (708,7569 shares). If this is calculated as the closing price on the day, the value of Netmarble’s stake is KRW 1.828.5 billion.

It is known that the blood relationship between Netmarble Chairman Bang Joon-hyuk and Big Hit Chairman Bang Si-hyuk, who were relatives at the time of the investment, worked.

Netmarble is also enjoying three times the return on investment in Kakao Games, which has driven public stocks craze through IPO. Netmarble invested 50 billion won in Kakao Games in February 2018 and currently owns 4.4% (321 million,320 shares). The closing price of Kakao Games is 46300 won, and the equity value of Netmarble is 149 billion won.

Netmarble also owns a 3.94% stake in Kakao Bank, which is announced to be listed next year.

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