Kangta Makes 140 Million Won On SM Stocks
Kangta has made 140 million won (approximately $118,200) after selling his SM Entertainment stocks that he acquired exercising his stock options (stock options give an investor the right to buy shares at a predetermined price and date).
On June 12, SM Entertainment announced that on June 4, they had sold 7,000 shares (0.03 percent of all SM shares) that Kangta had previously owned.
As a non-registered director, Kangta obtained 7,000 shares of SM Entertainment stocks for 23,251 won (approximately $20) each. He sold these for 43,350 won (approximately $37) each, making a total profit of 140 million won (approximately $118,200).
In December 2018, Kangta purchased 5,500 shares through a stock option for 35,587 won (approximately $30) each, which he then sold for 53,500 won (approximately $45). In January of this year, he bought the remaining 4,500 shares at the same price, then sold them in February for 47,700 won (approximately $40) each. Combining the two, he made a total of 150 million won (approximately $129,200).
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