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[ASKKPOP] Yang Hyun Suk surpasses Lee Soo Man in stock wealth

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Yang Hyun Sukhas dethronedLee Soo Manas the king of stocks in the entertainment world. According to corporate research instituteChaebul, while Yang Hyun Suk's stake in his company has reached 186 billion won (approx. $170.7 million USD) with a 13.6 percent increase in value, Lee Soo Man's stock value dropped by 22.1 percent to 149.3 billion won (approx. $135.5 million USD).



According to reports,YG Entertainment's recent boost most likely comes from their recent expansion into the fashion industry. Back in September, YG launched its'NONA9ON'brand in cooperation withCheil Industries, the fashion affiliate ofSamsung Group. During the same month, YG received an 18 billion won (approx. $16.4 million USD) investment fromLVMH Group, a French multinational luxury goods conglomerate that houses brands likeLouis VuittonandChristian Dior. Due to the news, investors bought up a lot of shares and YG's stock value increased. Back in October,YG's market cap surpassed that of SM'sfor the very first time. Since then, SM's stock price has recovered and SM has taken back the lead in market cap.


Many are accrediting SM's stock price dropping in early Q4 toLuhan's recent departure from the company andJessica's departure fromGirls' Generation.


Meanwhile, actorBae Yong Jooncomes in third place in terms of stock wealth with his 54.9 billion won (approx. $49.9 million USD) stake inKey East Entertainment.J.Y. Park, whose stock value has dropped by 9.1 percent, comes in fourth place with 23.3 billion won (approx. $21.2 million USD) inJYP Entertainment.


It was also reported that actorJang Dong Gun, who has shares in SM's subsidiary agencySM Culture & Content, saw a 17.7 percent increase in his stock value with 4.2 billion won (approx. $3.8 million USD). Meanwhile, TV personalityKang Ho Dongfinished the year with 2.3 billion won (approx. $2.1 million USD).

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