On November 23, YG
Entertainment listed its shares on South Korea’s junior stock market, KOSDAQ,
and saw its per-share value more than double on its first day of trading. As a
result, Yang Hyun Suk, the founder and chairman of YGE, now holds nearly $140 million
USD in stock value.
YGE shares were valued at 78,200 won ($78 USD) per share in the morning Tuesday, which is more than double its IPO price of 34,000 won ($34 USD). Yang Hyun Suk, with 47.7 percent ownership of YGE stocks, is estimated to own around $140 million USD in stocks, making him the second highest-valued person in the Korean entertainment industry, after SM Entertainmen’s Lee Soo Man who has an estimated stock of $220 million USD.
YGE shares were valued at 78,200 won ($78 USD) per share in the morning Tuesday, which is more than double its IPO price of 34,000 won ($34 USD). Yang Hyun Suk, with 47.7 percent ownership of YGE stocks, is estimated to own around $140 million USD in stocks, making him the second highest-valued person in the Korean entertainment industry, after SM Entertainmen’s Lee Soo Man who has an estimated stock of $220 million USD.
