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Jung Chol-dong, CEO of LG Display, delivers a welcome speech at the "4th Generation OLED Panel Technology Briefing" held on January 16 at LG Science Park in Magok, Gangseo-gu, Seoul. (Photo courtesy of LG Display) |
[Alpha Biz= Kim Jisun] Jung Chol-dong, CEO of LG Display, has decided to purchase company shares as part of his commitment to responsible management.
On Tuesday, LG Display announced that Jung acquired 12,460 company shares at a purchase price of 9,060 KRW per share.
Including the 37,540 shares he bought through last year’s employee stock ownership plan during a capital increase, Jung now holds a total of 50,000 shares.
An LG Display representative stated, “This move demonstrates his commitment to responsible management, confidence in performance improvement, and belief in the company’s future value.”
On January 15, LG Display disclosed its annual earnings, reporting consolidated revenue of 26.6153 trillion KRW and an operating loss of 560.6 billion KRW for the year. This represents a significant reduction in losses, down nearly 2 trillion KRW compared to the 2.5102 trillion KRW operating loss reported the previous year.
The company attributed this improvement to its business transformation centered on OLED technology and rigorous cost innovation, which sharply reduced the scale of losses.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
