[Alpha Biz= Paul Lee] Kakao's core executives have once again purchased company shares this year, following a similar move last year. This recent buyback was initiated by CEO Jeong Shin-ah as part of her commitment to responsible management.
According to the Financial Supervisory Service's electronic disclosure system on Tuesday, a total of 19 key Kakao executives, including Chief Financial Officer (CFO) Shin Jong-hwan, CA Committee General Representative Hwang Tae-seon, ESG Chairperson Kwon Dae-yeol, and other senior executives, purchased approximately 437 million KRW worth of company shares between January 28 and February 7.
These executives, responsible for Kakao’s key decision-making and control, represent the central leadership team of the company, including those leading financial and legal affairs.
Notably, in November of last year, nine major executives from Kakao's CA Committee and other key areas also bought back a total of 452 million KRW worth of shares.
As of 2:27 PM on the same day, Kakao’s stock price was 44,150 KRW, down 2.75% from the previous day. This is 21% lower than its one-year high of 56,000 KRW, which was recorded on March 12 of last year.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
