Samsung, SK Hynix executives sitting on up to 440% gains as share prices surge

As Samsung Electronics and SK Hynix shares surged past the 300,000-won and 2 million-won marks respectively, some registered executives at the two companies have seen unrealized gains on their company shares reach as high as 440%. Samsung Electronics crossed the 2,000 trillion won (about $1.32 trillion) market capitalization threshold for the first time in history on Monday, and with analysts now floating price targets of 610,000 won for Samsung and 4 million won for SK Hynix, those gains are expected to climb further.

According to the Financial Supervisory Service's DART system, the combined assessed value of company shares held by five registered executives at the president level or above at Samsung Electronics and SK Hynix over the past decade has exceeded 100 billion won.

Cha Seon-yong, president of SK Hynix, posted the highest return at 440%.

Cha holds 6,834 shares of SK Hynix at an average purchase price of 430,000 won per share. Based on Friday's closing price, the assessed value of his holdings stands at 15.9 billion won, representing an unrealized gain of 13 billion won.

The executive with the largest assessed value was SK Hynix CEO Kwak Noh-jung, whose holdings were valued at 33.39 billion won — calculated by multiplying his 14,312 shares by Friday's closing price of 2.333 million won per share.

Kwak's average purchase price was approximately 680,000 won per share, putting his return at 241%.

At Samsung Electronics, President Roh Tae-moon's shareholdings were valued at 31.2 billion won, with a return of roughly 180% against his average purchase price.

Vice Chairman Jeon Young-hyun, who holds 32,787 Samsung Electronics shares, had an assessed value of 10.4 billion won and a return of 182%. President Kim Yong-gwan, holding 32,158 shares, had an assessed value of 10.2 billion won and a return of 241%.

Samsung Electronics shares closed Friday up 5.84% from the previous session at 317,000 won, while SK Hynix closed up 1.92% at 2.333 million won. Since the start of the year, Samsung Electronics shares have surged 164.39% and SK Hynix 258.37%.

Samsung Electronics extended those gains Monday morning, trading up 8.36% from the previous session at around 343,500 won, pushing its market capitalization above 2,000 trillion won for the first time in history.

SK Securities drew attention Monday by releasing a report sharply raising its price targets for Samsung Electronics and SK Hynix to 610,000 won and 4 million won, respectively.

Han Dong-hee, an analyst at SK Securities, wrote in the report that "Korean memory chip makers remain undervalued relative to global peers," adding that Samsung Electronics in particular is "significantly undervalued relative to its earnings power" when factoring in its full-scale entry into the HBM market and the expansion of its foundry order book.

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