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Photo = Samsung Electronics |
[Alpha Biz= Reporter Kim Sangjin] Samsung Electronics' President of MX Business, Tae Moon Roh, has purchased approximately 360 million KRW worth of company stocks. This marks his first acquisition in about two years since March 2022.
According to the Financial Supervisory Service's electronic disclosure system, Samsung Electronics announced that Roh purchased 5,000 shares of Samsung Electronics stocks on the previous day through on-market transactions, at a price of 73,500 KRW per share, totaling 36,750,000 KRW.
Industry analysts attribute this stock purchase to Samsung Electronics' management's assessment that the company's stock is undervalued. Apart from Roh, other executives, including Park Hak-kyu, the head of the Management Support Office, and Vice President Jung Jae-wook, have also acquired 5,500 shares and 1,330 shares of company stocks, respectively.
Furthermore, Roh's acquisition of company shares has garnered significant attention as it precedes the upcoming Galaxy Unpacked event scheduled for next month. Samsung Electronics plans to unveil new products such as the Galaxy Z6 series, Galaxy Ring, Galaxy Watch7, and Galaxy Buds3 at the event, set to take place in Paris, France, on the 10th of next month.
Having introduced the 'Galaxy AI' earlier this year, which integrates artificial intelligence (AI) technology, Samsung Electronics aims to expand its presence in the foldable phone market by incorporating Galaxy AI into the Galaxy Z6 series.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
